EURUSD Analysis 2011.08.12

by Michael on August 12, 2011

[Forex | Euro vs US Dollar] The bias remains neutral in nearest term. A need for a clear break from the range area (1.4304 – 1.4093) so we can see clearer direction. Break below (1.4093) could trigger further bearish pressure targeting (1.3930) and keep the major bearish scenario remains strong while break above (1.4304) could trigger further bullish correction testing (1.4589).We need to hold for current session.

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