EUR/USD Forecast July 26, 2012, Technical Analysis
Add a comment
Technical Reports
To learn more click here
EUR/USD rose during the Wednesday session as the gap has now been filled from the weekend. The Euro continues to have major issues, but there were comments from various higher ups in the ECB over the last few days that suggest the central bank may be softening its policy on giving the ESM banking status, which of course would give the ECB the ability to buy at that. In other words, monetize everything.
However, the gap has stopped the bullish traders at this moment in time, and we are coming up against a relatively strong consolidative area that we feel should continue to pressure the Euro to the downside. We are looking for weakness in this rally to sell. A week daily candle would be ideal; however we are more than willing to accept one on the four-hour chart from which to sell.
EUR/USD Forecast July 26, 2012, Technical Analysis
EUR/USD Forecast May 21, 2013, Technical Analysis
AUD/USD Forecast May 21, 2013, Technical Analysis
Gold Prices May 21st, 2013, Technical Analysis
GBP/USD Forecast May 21, 2013, Technical Analysis
Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.
View all of FX Empire Analyst - Christopher Lewis's Articles
