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EUR/USD Forecast June 20, 2012, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 20 June 2012 06:44 UTC

The EUR/USD pair rose during the session on Tuesday as the market is getting ready to receive the announcement out of the Federal Reserve’s two day meeting today. There is a lot of speculation that the Fed will ease in one form or another, and as a result people are buying the Euro. However, in the end there are a lot of risks in Europe, and this should simply be a selling opportunity once we get the pop. Because of this, we are waiting for a weak candle on the daily from which to sell.

EUR/USD Forecast June 20, 2012, Technical Analysis

Written by FX Empire

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