Too early to get bullish EUR
We expected a short-covering rally on a Greek bailout deal and are nearing important resistance where EUR bear can consider fresh shorts. The 1.3850 level looks like a solid area of resistance, backstopped by a trendline at 1.3856. A stop above 1.3900 and a profit toward 1.3600 looks like the way to play.


AUTOREFRESH 













Yes Jamie
I’m waiting for the same level to short with great RR and I can tell there are some sellers in already.
Jamie’s like our trading floor manager. Once the exuberance kicks in he comes onto the floor, “O.k. people! Let’s not forget…”
That’s what separates this site from the others… Forexlive rocks.
Short at 1.38311, booked profit at 1.37721 — not as grand as Jamie’s vision, but I’ll take a quick 60 pips or so any time.
Short at 1.3855 closed at 1.3763 – Thank you Jamie!