Tuesday, June 24, 2014

Euro Currency Futures Day Trading Strategy; Buying demanded lows at support

Euro 4JJBar
The Euro attempted to push new highs which it did do, but once it reached those new highs, quickly snapped back lower again showing potential failure at the highs.

I am waiting for price to dip lower to buy at demand from 1.3543 to 1.3525 back up to retest the highs once more.

The first target will be the BMT's in the middle of the range sitting up at 1.3600's with the final target higher up from 1.3622-1.3642.

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