Welcome to our newest feature; DecaPip. The concept is simple: our professional market technician, with an exceptional system, showcases his own daily Support and Resistance levels across a broad spectrum of FX currency pairs.Please note: the featured Support and Resistance levels are not trading recommendations by Littlefish FX, but a guide to show you what a real life professional FX Swing Trader is looking for on a Weekly and Daily basis.The most effective way to use the levels:
- If indicated levels hold, look for the price to reverse.
- If levels are broken, look for the price to continue past to new highs or lows.
DecaPip Daily: 26/06/2015
For this edition of the DecaPip Daily I intend to focus on the EURUSD currency pair exclusively due to the extraordinary events unfolding in Greece.
With the event of a possible GREXIT fast approaching I would like to show you my best three EURUSD support levels on a currency chart.
Alternatively, in the seemingly unlikely event of a resolution to the ongoing crisis, I would like to show you my best 3 levels of resistance on a EURUSD currency chart.
This could potentially be a very intense period of volatility approaching the trading markets so to all Littlefish FX readers out there I say please stay safe and remember to place your stop losses appropriately.
Support 1 1.1120
Support 2 1.0980
Support 2 1.0780
Resistance 1 1.1280
Resistance 2 1.1430
Resistance 3 1.1580