EUR/ USD Daily Technical Analysis 30 July 2012

Amy Forex

90 0
Hi all,

The EUR/USD prices continue to be traded within the daily Bollinger bands, the upper band stopped the upside movement at 1.2389 before retreating and close at 1.2301. Its failure on Friday to close above a key technical level near $1.2336 will keep the short-term bearish trend intact. However, the euro downside was likely to be limited ahead of the Fed and the ECB policy meetings. Therefore we expect that prices would probably stay range bound and move sideways.

We advice our dear traders to follow us on Facebook and Twitter, in order to receive our economic and fundamental news of the market.


Nice trading ;)

AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock