EUR/USD Technical Analysis for July 15, 2011

EUR/USD fell on Thursday, retesting the 1.4250 minor support area. With the European bank stress tests coming out today, this pair will certainly be very volatile. The fact that the results come out in the middle of US trading, you would be best advised to step back and let the announcement and reactions happen before placing any orders.

Written by ForexMansion.com

Forex Mansion