Eurusd update - 11 July 2011 Monday

Good day everyone,

I am doing a forecast early because tomorrow I will be leaving for an oversea trip.
I am going to give a weekly outlook before I go.

Eurusd is still trading within a consolidation range. This week, we are looking at support level at 1.4115. Resistance level remains at 1.4500.

I favour a bear trend this week. However, eurusd is still trading within a consolidation. So I really recommend trading only when eurusd breaks extreme ends, showing clear direction then we go for the catch.

No comments:

Post a Comment