Week ahead (11 – 17.11.2013 ) – EURUSD

A critical level of 3450’s has been breached and the pair managed to close BELOW. Although this are was tested twice to the upside and held twice below, I still believe there is another shorting potential there. The pair is under pressure and suggests a creation of new lows. Rather then shorting on breakouts, look for short fading opportunities.

Trade well.

lechiffre