Euro violates 1.2966 level: short scenario in place

Election news in France and Greece helped the current short setup in the Euro and price violated the 1.2966 level.

At this point bears have the ball in their court. The move confirmed the short target at 1.2249. Price will not move much lower from here. If the lows are in we should see a retracement to the 3080s area, which is a good level to be short from.

 

Euro (daily) confirms short target at 1.2249

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Filed under Euro FX setups and trades

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