EUR/USD Technical Analysis for July 20, 2011

EUR/USD had a very volatile day Tuesday, forming a massive doji as it was reported that the American government may be close to reaching a debt limit deal. The Euro itself has been mixed around the world on the day, and this pair probably reflects the USD news rather than anything Euro-related. We like selling, but need to see new lows at this point.

Written by ForexMansion.com

Forex Mansion