First see post for EURUSD on June 22. The EURUSD had meet with reversal expectations at the 1.2150/70 zone and has now moved to the mid 1.2600′s. Long term trend line at 1.2735 could be a likely target for buys. From there we will look for possible pullback from this upward move or the break of that trend line to continue pressing higher.

EURUSD Chart Picture

This entry was posted on Tuesday, July 6th, 2010 at 10:46 am and is filed under Trading Signals & Strategies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.