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EUR/USD Classical 07.09

EUR/USD Classical 07.09

2010-07-09 05:18:00
Joel Kruger, Technical Strategist
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eur2

EUR/USD: However, our overall bias remains bearish and we would recommend looking to sell into rallies above 1.2800, with any moves above this figure likely to be well capped ahead of 1.2850. Key support now comes in by 1.2620 and a break and close back below this level will also shift the focus back on the downside.

 

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com 
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