Forex trading signals and analysis for EURUSD – 25 Jul 2014

Forex trading signals and analysis for EURUSD – 25 Jul 2014

Analysis:

EURUSD continued to move lower and currently hold at support level 1.34300 as expected. Although PMI data yesterday was good for Euro but lose most of the gain and closed the day unchanged. It is clearly that the brearish momentum still in control and the downtrend will continue but slowly. The move of EURUSD will also be affected by investor’s appetite for US dollar.

We expect EURUSD will be trading in narrow range today with bias down trend.

Screenshot 2014-07-25 08.06.40

Forex Trading Signal:

We will looking for signals to sell Euro around 1.3550.

Resistant zone:

+1.370

+1.3600

+1.3550 – 1.3585

Support zone:

+1.3400 – 1.3430

+ 1.3300

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