EUR/USD Technical Analysis for July 19, 2011

EUR/USD had another bearish day on Monday, as the world sold off the Euro. However, as the Americans do on almost every day, they bought up the Euro, and seem to be the only ones supporting it at the moment. In the meantime, we seem to be in a sell the Euro during Asian and Europe situation, while the Americans are reckless enough to buy it. The 1.40 area is vital, and a new low would be a very, very bad sign.

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Forex Mansion