Volume_Trader

so everyone may be ask the same question :are EUR/USD  going for another  sell-off scinario ?

ok the answer maby be easier than any trader think,and it seems the Forex Mrkets have already answered the question.

i think that 1.2526 the lowest bottom  has THE EUR/USD reached is not enough for the wild Bears tobe satisfied but  ,it seems that the hungry Bears are watching the EUR/USD and getting ready for the sell-off show.

EUR/USD is under selling pressure getting closer to the most solid and strongest all low times support since 10-26-2008  at 1.2400 -1.2340 levels so we will see a very intersting Trading indeed..

BEST REGARDS,

Volume_Trader

EUR/USD FALL OFF THE CLIFF.

technically talking we have seen a bloody day for the eur/usd , when the pair has broken down the level 1.2930 ,which fueled the bears appetite for more aggressive sell-offs ,as a result the eur/usd has reached the 1.2790 level. .

the Volume was so intense and  incredibly high, which provided a great chance to short the EUR/USD, because  if you take a look at the ADX indicator in the h4 timeframce on your chart ,you will  notice that the ADX indicator  gave us a very important signal that a breakdown of 1.2930 level  was about to happen .

from the fundamental point of view ,no doubt that the Markets have taken the decision  to sell off massively based on the economic news come from Greece or europe regarding the Greece debt crises ,and investors were so convinced that  Greece bebt crises  could affect the Euro zone ,and  other european countries may face the same Greece fate.

Now the euro/usd hovering around 1.2790 level the lowest level the euro has ever reached  since last year ,

so we expect more and more sell offs because off the bad news coming from the euro zone .

best regards

Volume_Trader