Thursday, July 19, 2012

EUR/USD Jul 19 -2012

Trade Idea EUR/USD intraday: the upside prevails.

Pivot: 1.2250.
Our Preference: LONG positions @ 1.226 with 1.23 & 1.2315 as next targets.
Alternative scenario: The downside breakout of 1.225 will open the way to 1.2215 & 1.2175.
Comment: the pair is on the upside and is challenging its resistance.

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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