EURUSD Daily Forecast: July 06

EURUSD Daily Forecast: July 06
Monday, July 6th, 2009 @ 12:58 am by Setyo Wibowo

EURUSD Daily Forecast

The EURUSD had a moderate bearish momentum on Friday. On h4 chart below we can see that the trendline support has been violated to the downside. Surely we do not have significant movement so far as the pair has been showing no clear direction in the last several weeks but this fact should lead us into more downside pressure testing 1.3750 key level area. Immediate resistance is seen at 1.4050. CCI about to cross the -100 line down on h4 chart suggesting potential downside pressure.

eurusd4hchart

One Response to “EURUSD Daily Forecast: July 06”

Leave a Reply

Submit Your Comment

  1. [...] swibowo wrote an interesting post today onEURUSD Daily <b>Forecast</b>: July 06 – FX Instructor <b>Forex</b> BlogHere’s a quick excerpt [...]

Join the Forex Community!

Follow us on Twitter! Join us on Facebook! Watch us on YouTube! Follow us on Digg! Subscribe to our RSS Feed!

Visit our Forex Forums

Free Market Commentaries

Educational Partners

FXOpen
The Geek Knows

Finance Blogs - Blog Top Sites
Blogarama - The Blog Directory Fave this Blog on Technorati