We can see a key Support and Resistance setup is appearing on the EUR/USD 15m chart.
1.4344 has proven to be a past master and a successful shorting opportunity, with another touch the only concern would be a break higher 1.4367 which incidentally also offers a short but 344 would provided Bear resistance once broken.
On the flip side we have a Long at 1.4193 which has seen off a big sell-off in to this area and supported subsequent buying power away, however be aware of the previous candle wick punching south towards 1.4172.
http://pipshift.com/wp-content/uploa...9/dropzone.gif
If you decided to take any of these levels on the Euro, let us know how you get on!
1.4344 has proven to be a past master and a successful shorting opportunity, with another touch the only concern would be a break higher 1.4367 which incidentally also offers a short but 344 would provided Bear resistance once broken.
On the flip side we have a Long at 1.4193 which has seen off a big sell-off in to this area and supported subsequent buying power away, however be aware of the previous candle wick punching south towards 1.4172.
http://pipshift.com/wp-content/uploa...9/dropzone.gif
If you decided to take any of these levels on the Euro, let us know how you get on!
"I made all my money by selling too soon"