Today's push upwards on some market confidence that Europe may be able to save Greece from burning up in flames has brought the price very close to our target shorting area. The high today has hit 1.3656. Kind of in the zone but it is in the low end and has not reached the falling channel resistance.
The objective is to place a short at or above that level. Therefore the short position has not yet been taken.
Will we see the 1.37 level today? The technicals say it is still possible for now and the equity market moves to the upside do support it.
Price action on the H1 chart has not yet confirmed any reversal to the downside. Therefore we shall leave the possibility of seeing our target today.
Here are the H1 chart of the EUR/USD and the D1 chart of the SP500
The objective is to place a short at or above that level. Therefore the short position has not yet been taken.
Will we see the 1.37 level today? The technicals say it is still possible for now and the equity market moves to the upside do support it.
Price action on the H1 chart has not yet confirmed any reversal to the downside. Therefore we shall leave the possibility of seeing our target today.
Here are the H1 chart of the EUR/USD and the D1 chart of the SP500
Those who say it cannot be done should not interrupt those who are doing it