Algorithms Set to Counter a Recovery Breakout

11 Eki 2015

EURUSD Sunday's trading session should see a flood of algorithmic trading tactics set to trigger sell stops at lower levels, hampering a recovery in the process. Looking for a retest at support line; 1.1292, followed by a lower extension towards 1.1252 target. A price consolidation at this range over a few time intervals should see a recovery late into the session followed be a breakout towards 1.1344 level. Take out the popcorn & lets watch the show.