The EUR/USD pair initially tried to rally during the session on Wednesday, but as you can see turned back around and close towards the end of the day, forming a negative looking candle. The range was pretty small though, so as you can see it appears that the breakdown is slowing down a bit. If we continue falling though, we still believe that this market goes to the 1.33 handle given enough time. If we bounce from here, a resistant candle above would have a start selling yet again as we believe the 1.35 level should now be resistance.
Wednesday, July 23, 2014
Related Posts
GBPUSD Risk of a Bearish Shift through 1.6952 We restate the view from our recent client reports that “whilst below 1.7152, we see a bia
Forex Trading – Patience. Waiting for the right entry point is an essential characteristic of every successful trader. If y
Why forex traders fail ? Not Maintaining Trading Discipline The largest mistake any trader can mak
USDCHF Daily Analysis USDCHF's upward movement from 0.8897 extended to as high as 0.9037. Further rise could be expecte
NZD/USD Technical Analysis The New Zealand Dollar is testing the boundaries of its year-to-date rising trend against t
How To Outperform The Market. All investors must re-evaluate and refine their investing styles and strategies from time to time