Friday, July 20, 2012

EUR/USD Jul 20-2012


Trade Idea EUR/USD intraday: bullish bias above 1.223

Pivot: 1.2230.
Our Preference: LONG positions @ 1.224 with targets @ 1.23 & 1.2325.
Alternative scenario: The downside penetration of 1.223 will call for a slide towards 1.221 & 1.2175.
Comment: the pair stands above its new support, the RSI is mixed to bullish.


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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