By Johan Kriek (jkriek@fxinstructor.com)

Hi there fellow traders!

Please view a video of the EUR’ s direction of highest probability for the european and us session for today:

http://www.youtube.com/watch?v=K18apryMPlc

Just a few notes:

Resistance =1.3950 and 1.4000 (intermediate bearish trendline resistance and H & S Neckline resistance as discussed in the video)

Support = 1.3800 and 1.3450 (The latter is the Secondary Trend support)

Head and Shoulders already violated and confirmed:

Please have a look at the charts below:

and…

As you can see on the above charts, the Head and Shoulders pattern on the EUR has already been violated and confirmed on June 17th

The target is roughly 1.3500..

Enjoy!

Johan Kriek

jkriek@fxinstructor.com