Forex EUR/USD Daily Video, June 14, 2024

Sive Morten

Special Consultant to the FPA
Good morning,

We're watching now for the bullish context destruction. Market is flirting around 1.07 area, but we prefer to see weekly close before taking any short positions. Because EUR close just 40 pips higher could drastically turn situation back to bullish.

My Buy position from Monday at $1.0760 was stopped out at Breakeven yesterday on Very surprising reversal..which i did not expect actually.! :oops: It just goes to show that you can Never' be too confident about Market directions!
Now it looks like we could have Breakdown of support on Daily/weekly closing basis of my support level marked at $1.0730! The next support i have marked is $1.0540.
If market retests $1.0730 area next week..i will look for Sell' on lower timeframe chart.!? :rolleyes: