EURUSD Analysis 2012.08.02

by Michael on August 2, 2012

[Forex | Euro vs US Dollar] The bias remains neutral in nearest term. A need for a clear break from the range area (1.2346 – 1.2208) so we can see clearer direction. Break below (1.2208) could trigger further bearish pressure targeting (1.2042) and keep the major bearish scenario remains strong while break above (1.2346) could trigger further bullish correction testing (1.2427).You may try to buy from lower border and/or sell from upper border.


Related posts:

  1. EURUSD Analysis 2012.02.15
  2. EURUSD Analysis 2012.07.05
  3. EURUSD Analysis 2011.08.12

Previous post:

Next post: