DecaPip Daily: GREXIT Edition

Introduction to DecaPip
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.

EURUSD

Support 1  1.1120

Support 2  1.0980

Support 2  1.0780

Screen shot 2015-06-26 at 06.24.36

 

Resistance 1  1.1280

Resistance 2  1.1430

Resistance 3  1.1580

Screen shot 2015-06-26 at 06.30.26

Got any questions about our new DecaPip feature? Contact Nathan at Nathan@littlefishfx.com