Euros have tried the topside once more and have failed again....Now triple stops are quite rare, so today we take extra care in this market and if we see an break of 11035 we are out of any short positions and into longs....Now the only if we break it the 3rd time....remember that there will be a lot of stops above this area...so don't get caught out..Now one 11035 breaks , we should not trade back below it....and trade higher to 1.1075 to 1.1095...Here cover longs...
Go back into longs if we break 1.1112....or drop back to 1.1035...
Now if we hold this resistance again....there would be a triple top in place and this is a very negative pattern.... and this suggests that the market is going to come back quite sharply with 1.0925 targeted once more...This is the short term 61.8 Fib therefore it is going to offer some good support...Cover shorts to here...Attempt longs...keep stops then below 10895 for 1.0830.....
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