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EUR/USD Forecast July 22, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 July 2015 06:19 UTC

The EUR/USD pair higher during the course of the session on Tuesday, breaking the top of the shooting star from Monday which of course is a very bullish sign. However, we recognize that the 1.10 level above should continue to be resistance, because it was so supportive in the past. Ultimately, we feel that the market will continue to be volatile regardless, so quite frankly we are not interested in trading long-term positions regardless of direction. If we get a resistive candle somewhere near the 1.10 level however, we would be willing to start selling at that point in time.


 

EUR/USD Forecast July 22, 2015, Technical Analysis

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