EUR/USD Technical Analysis July 28, 2011

EUR/USD fell hard during the Wednesday session, falling straight to the 1.4350 level. The pair has tested the 1.45 level, and found it too hard to crack.

If we can fall from here, the pair then will have made 4 lower highs in a row, and the trend should continue. The pair is a sell under 1.4300, and a buy if we can close above the 1.45 area. The truth is that this pair has been choppy with all of the headline risks, and will more than likely continue to do so.


Written by FX Empire