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EURUSD Daily Forecast: July 02

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07/01/2009 07:54

EURUSD Daily Forecast

Finally, the EURUSD had significant movement yesterday. The pair broke above 1.4176 key level, topped at 1.4198 but closed lower at 1.4140. Technically the fact that 1.4176 was broken to the upside should setting up bullish scenario targeting 1.4336. However we need to be very patient since we will have NFP data today. If after NFP release the pair still able to maintain the bullish condition and stay above 1.4176, expect further bullish scenario.  Immediate support is seen at 1.4050 – 1.4000 area. Break below that area should lead for further bearish pressure. CCI in overbought area and heading down on h4 chart suggesting potential downside consolidation.

eurusd4hchart

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07/02/2009
 Could you please give detail about how to join this Business. Hope can apply back to my email. TQ
07/02/2009
 Could you please give detail about how to join this Business. Hope can apply back to my email. TQ
07/03/2009
 pls could i recive trade alerts from you on a daily basics? thanks,Kingsley, NIGERIA
07/03/2009
 Pls I need trade alert from you on a daily bases, thanks
07/03/2009
 ukwa david okor please could i receive trading alerts from you on daily basics and should be directly to my mail thanks.

History

07/01/2009
EURUSD Daily Forecast: July 02
07/01/2009
Daily Forecast for Crosses: July 02
07/01/2009
GBPUSD Daily Forecast: July 02
07/01/2009
USDJPY Daily Forecast: July 02
07/01/2009
USDCHF Daily Forecast: July 02
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