Friday, July 03, 2009

EUR / USD 03 July 2009

EUR/USD people fail to continue its bullish momentum. This currency can not be in the 1.4176 area, its price down in the 1.3988 and 1.4002 at the close. U.S. currency has been exposed to the risk effect of which is bad from the data is expected by NFP. Tehknikal see if the chat H4, trendline suppot has passed, this case showed indication for further down (bearish).
Failure to survive in the 1.4176 area and trendline support that has been in the skip, will trigger a currency is weakening. Seems to be bias to bearish in the near future will be to test the 1.3850, but also the medium-term trend we can not predict its movements. This is caused by movement eur / usd is still in the area 1.4176 - 1.3750. resistant 1.4050 possibilities in the area.


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