Monday, July 23, 2012

EUR/USD Jul 23 -2012


Trade Idea EUR/USD intraday: the downside prevails.

Pivot: 1.2175.
Our Preference: SHORT positions below 1.2175 with targets @ 1.209 & 1.2035.
Alternative scenario: The upside penetration of 1.2175 will call for a rebound towards 1.2215 & 1.224.
Comment: the RSI is badly directed.



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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