Wednesday, 17 July 2013

EUR/USD Update

  • Softer in Asia led by GBP/USD macro sales USD/JPY bargain hunting 
  • No EZ tier on data - expect range trading into Bernanke's testimony
  • Momentum studies edge higher with shorter MAs
  • Last week's 1.3208 high & 1.3253 falling 20 day upper Bolli resistance
  • 1.3107 5 DMA & yesterday's 1.3050 low support       

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