Monday, July 16, 2012

EUR/USD Jul 16-2012


 Trade Idea EUR/USD intraday: rebound.

Pivot: 1.2205.
Our Preference: LONG positions @ 1.2215 with 1.2265 & 1.2295 as next targets.
Alternative scenario: The downside breakout of 1.2205 will open the way to 1.2165 & 1.215.
Comment: the pair has broken above a MT declining trend line and remains on the upside.


Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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