July 6, 2010

EUR/USD Stuck in a range

UPDATED CHART WITH BROKEN RANGE

  • EUR/USD may trade in the range i have shown above.
  • An hourly close above 1.26 can give 1.28. a close below 1.24 can give similar results on the down side as well.
  • Since the pair has made an upside break out recently the chances on breaking out on the upside seems to be more. But before doing that it may test the bottom of the range.

No comments:

Post a Comment