EURUSD Analysis 2012.07.16

[Forex | Euro vs US Dollar] EURUSD maintains a bid tone for now. Break above (1.2274) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.2213), however, would confirm continuation of the bearish trend, towards next objective downwards (1.2086).We will be looking to sell EURUSD upon any price retracement.

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Posted by Chris on Jul 16 2012. Filed under Forex Reports. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry