Recent events in Greece and the way market reacts,suggests that traders don’t really believe in that deal. Euro continued its valley and i think it is a good idea to look for sell opportunities. On the other hand technical analysis confirms our trading plan. EURUSD is movin inside a potential triangle and might go lower completing the second leg of a double wave down.

Technical Analysis:
D1 – triangle, potential double wave down

Entry:
H1 – Watch for a break below the trend line followed by ABCD correction up (m15) and if the broken level holds, go for a sell
Target 1 – 1.0880
Target 2 – lower band of the triangle
Stop Loss -above last high created on H1

Video Explanation:

Yours,
Vladimir