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Hello traders welcome back to a new trading week. I have looked at all the charts and looking good. Most charts look to be in the trend or sideways. Remember we have no data today so an all technical day. There is one data release in NY session Pending Home sales. OK so let us take a look at EURUSD- This is the 30 Minute chart. Today we have a bearish chart as we also looked at the daily chart for confirmation . We have placed a trend line on the chart and the trade for today is very easy as we are looking for a break and a retest for a short entry at price level 1.1185. I am looking for the price action to go to our support zone at price of 1.1127 to take profit as marked on the chart.

Talk soon traders…….William

FX Instructor Forex Blog – For Traders, By Traders

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