March 23, 2015

Euro Currency Futures Day Trading Strategy; Selling resistance back to the lows

Euro 6JJBar

The Euro has caught a nice push lower but has been caught up in a fake-break low and is now reversing.

I am looking to sell formed resistance at 1.0840, 1.0856, .10867, and 1.0883 to retest the lows.

The first target will come in the middle at 1.0823 with the final target lower at 1.0796.

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