Forex trading signals and analysis for EURUSD – 23 Jul 2014

Forex trading signals and analysis for EURUSD – 23 Jul 2014

Analysis:

EURUSD finally broken the very significant support zone 1.34770 – 1.3500 to move lower and closed the day below 1.3470, although there were no significant report or event yesterday. The fall of Euro purely due to technical reason and the bearish momentum is strong now.

We expect Euro will continue its downtrend to move lower today, next support level will be 1.3400 – 1.34300.

Screenshot 2014-07-23 12.27.53

Forex Trading Signal:

We will looking for sell signals to short EURUSD around 1.3500 today.

Resistant zone:

+1.370

+1.3585 – 1.3600

Support zone:

+1.3400 – 1.34300

+ 1.3300

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