Very important retracement line cross/rejection

Still biased short due to Greek and Eurozone uncertainty. Will be closely observing whether we break the overlapping 38% fib retracement lines or we get a rejection. I am expecting a rejection due to the somewhat recent start of the bearish continuation of the Euro trend. However, if price breaks above expect to see it reach the 61.8% fib level before possibly going back down again. I am still unsure as to whether we are retracing a bullish move from April or resuming the strong bearish move that started last week.

Goodluck this week everyone!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.