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COMMENTARY:

Hello traders welcome back to a new trading week. Traders I have looked at the today’s chart and looks very nice most of them. We have data in London and US sessions today be alert to that. I feel we are going to have a profitable trading week as the Greece Issue has settled down and they are staying in the Euro. The markets us and London have been in the red the last couple of days keep an eye on that. OK let us take a look at our currency pair today the EURUSD- This is the 30 minute chart. This pair on the daily chart still remains bearish. The main issue with this is that it is sitting on the daily pivot point and has not been able to break below it. So the chart is with two options as we all know that this pair is very bearish, however we can see that it can bounce again or continue the trend so I am looking at two entries . The first is a break above the trend line and a retest and we will buy this or the second is a break below the daily pivot and a retest and we will sell this with the retest and look to sell with a bearish candle formation. Thank You traders will talk soon… William

FX Instructor Forex Blog – For Traders, By Traders

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