Sunday, June 28, 2015

EURUSD Buy Recommendation June 29th 2015


Currency Pair: EURUSD
Timeframe: Hourly Chart (H4)
Recommendation: Buy EURUSD @ 1.1015
Take Profit @ 1.1430
Stop Loss @ 1.0900

The EURUSD has opened the Asian trading session with a gap lower as Greece is opting to hold a referendum and as the Eurogroup held one meeting without the Greek finance minister in what may have been one of the darkest days in Eurozone democracy.

I took the sharp drop as a great entry opportunity for my long position. I think we will see a lot more volatility ahead of us and I will look to possibly amend my stop loss and instead add to my longs. I think the gap we see in today's H4 chart will be closed as more details about the ongoing Greek crisis emerge.

 PaxForex

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