EUR/ USD Daily Technical Analysis 1st August 2012

Amy Forex

Member
90 0
Dear Traders,

We expect that the EUR/USD pair will continue to move within an ascendant channel ahead of the U.S. and Europe central banks policy meetings, due today and tomorrow. From the analytical standpoint the resistance lays at the 1.2333 level and a good support around 1.2214. However, only the headlines will be behind the prices movement this week.

chart01.png


Support 1: 1.2250
Support 2: 1.2212

Resistance 1: 1.2333
Resistance 2: 1.2376

Nice trading !!
Source mbcfx.com
 
 
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