Tuesday, August 04, 2009

EUR/USD Break Strong Resistant

10:51 AM

Eur/USD alredy make a rally since Thursday and break strong resistant at 1.4437 and top at 1.4444 this morning. From that EUR/USD already comfirm the bullish still continue. But I think RSI and candlesticks configuration shows EUR/USD need downward first,possibility to 1.4328 area. And support seen at Friday's High which is 1.4280.

I'm not take any position today till EUR/USD break it High today or move to 1.4328, I think this week will move with tight range regarding this is early month and market await NFP from The Fed


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