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: 19/06/2015
In today’s DecaPip I would like to focus on the EURUSD and the EURJPY.
The Euro has rallied sharply this June despite all the uncertainty surrounding Greece and seems to be on somewhat of a mini comeback.
As we approach the weekly close I would like to illustrate to you on the charts the resistance and support levels that the Euro will need to close above to keep the bullish bias intact for the following trading week.