Where are u going my pair?

Posted by admin on July 3, 2009 Leave a comment (1) Go to comments

Hi there!. I have been following the EURUSD pair for some time now. And I think I’ve got the rythm right; atleast for me So, where are my favourite pair going today? In medium and long term, I believe its a Bull. But in order to do that, the pair have to strike above the 1.4177 price level. A break from that level could bring to 1.4339 level.

However, in nearer term, a Bearish signal is likely to occur. This is supported by lack of interesting news for today. and yes, its a holiday for the banks. Kudos! The pair should be moving in the 1.3985 and 1.3946 zone; representing its resistance level.

So take your move. Be wise! till then, hepi trading!