July 3, 2014

  • EURUSD Daily chart getting resisted at 200 Day SMA. Previous support zone in daily chart is acting as resistance.
  • Staying below the daily cloud will continue to favor EURUSD Bears.

  • ES 4 Hour chart shows price continues to sail above the cloud.
  • 2nd chart shows crucial support levels. No weakness till price stays above these levels
  • 30 Minutes cloud shown as immediate support zone.


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore