Expectation that the EURO will push lower on Tuesday, but the critical level on Tuesday will be the low which align with the June 50% level....
High risk trading longs below Tuesday's 3-day lows"
Yesterday's report
EUR/USD Daily
This Week's view was a rotation down from the higher Weekly open back down into Tuesday's lows, which aligned with June's 50% level.
Any higher move in the Euro this week was dependant on Tuesday's support, but this failed and now the expectation is price is moving down towards Wednesday's lows.
Note: Whilst trading below June's 50% level @ 1.5572 the expectation is price is rotating towards June's lows, but it wouldn't surprise me either that the rest of June ends up consolidating either side of 1.5572 and the next trend develops in the next Quarter.
