EURUSD chart analysis for 22nd July 2010
EURUSD chart analysis for 22nd July 2010. Please be advised that should you wish to take the trade, this must be done off your own analysis.EURUSD Preference would be to: SHORT positions below 1.2845 with targets @ 1.273 & 1.2695.
Alternative scenario would be to: The upside penetration of 1.2845 will call for 1.2915 & 1.293.
EURUSD pair has broken below its short-term bullish channel support. However, the immediate downside potential looks limited by the 1.27 support area.
Trend: ST Ltd Upside; MT Bearish
Key levels
1.293*** Intraday resistance
1.2915** Fib retracement (61.8%)
1.2845*** Intraday pivot point
1.2784 Last
1.273** Intraday support
1.2695*** Fib retracement (38.2%)
1.265** Intraday support
EURUSD chart analysis for 22nd July 2010
PLEASE ENSURE THAT YOU DO YOUR OWN ANALYSIS PRIOR TO TRADING THE FOREX MARKET AT ALL TIMES!!
GHTime Code(s): 02eb0
