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Deutsche TradingFX in EURUSD TRADES & ANALYSIS,

$EURUSD LOOKING BEARISH ON GREEK DRAMA, HIGH VOLATILITY EXPECTED #EURUSD

EURUSD now trading at 1.0840 with a short term bearish trend. But high volatility is expected due to greek negotiations. A good deal can make a short term spike, so you must be aware of high volatility, use low margin.

Our trading plan:

(A) Short below 1.0798 for 20 pips or 40. Breakout strategy.

(B) Short at 1.0950 or 1.1040.

Scalpers would like to short at 1.0862. Selling the rebounds is a nice approach.

Our levels for today:

R6 1.1050

R5 1.1020

R4 +1% 1.0990 Good level to short.

R3 +0,75% 1.0965

R2 1.0950 A daily close above this level is bullish for EUR/USD

R1 +0,5% 1.0938

Kinjun-sen 1.0928

PP 1.0891

S1 1.0860

S2 1.0840

-0,5% 1.0830

S3 1.0820

Tenkan-sen 1.0814

-0,75% & S4 1.0803

S5 -1% 1.0776

S6 1.0720

S7 1.0700 A GOOD LEVEL TO COVER SHORTS