Shorted today at 50% Fib move from spike down, SL now moved lower just above 21EMA on 1 HR chart.

Idea:
– Expecting lots of bad press and negativity coming from EU states creating concerns other countries may leave the EU. This will drive down confidence and EU lose investment, EU with then take measures to stimulate economy – this all results in lower EURO which is why I am long term bearish EUR.
– If price retraces past 21 EMA stop knocks me out
– Looking left to previous support levels are being used as target 1 and target 2

EURUSD Daily

EURUSD Hourly

One thought on “EUR/USD – EU Will Be In A Pickle During Next 3 Months”

  1. Dalmas Ngetich - FOREX.TODAY says:

    The spanish Foreign Minister already has hinted about leaving the EU..

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