Forex trading signals and analysis for EURUSD – 19 Jul 2014

Forex trading signals and analysis for EURUSD – 19 Jul 2014

Analysis:

EURUSD is moving sideway between the short term support 1.3330 and short term resistant 1.3430. Price has been stuck in this 100 pips range for almost 2 weeks. The upper range is not easy to break but the the lower range show strong buy as well.

In overall, our view on EURUSD is still bearish, although the momentum is getting weaker now. Therefore, the best strategy now to trade within the range, looking for sell signals if EURUSD move to upper range.

EURUSDDaily - 19 Aug 2014

Forex Trading Signal:

We will watch for signals to short Euro around 1.3400 – 1.3430 area.

Resistant zone:

+1.3550 – 1.3585

+1.3400 – 1.3430

Support zone:

+ 1.33300

+1.3300

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