EURO TWO WEEK LOW

Update: Though the Euro has continued its agressive decline into the 1,24 area into its next time period, I still expect the same type of retracement move.

Just a short notice: The Euro has been following our projections quite closely and should have reached a sentiment extreme for the next two weeks. The newsflow has been a disaster over the last weeks and price has tumbled quite closely to the cycle low from January. How exactly the Greece issue will play out is unclear, however we will have to follow the market in between its resistance points. There is still time to come before the ultimate long trade arrives, but eager traders might want to jump on board for an hesitant 200+ pip rally to 1,2910.

Similarly, a low in the SP500 should have been reached for now and we might be going sideways for the next month.