July 18, 2009
Latest EUR/USD Analysis - July 18 2009
I've got a new trading video for you to watch this weekend. It's been created by Adam Hewison (from Marketclub) and in this video Adam discusses where he thinks the EUR/USD is headed in the coming weeks and months.
As it turns out he is actually bullish on this pair and for what it's worth I'm in agreement with him on this one. My own view is that the upside still prevails because not only is the weekly Supertrend still indicating a bullish trend, but on the daily chart the Supertrend indicator is positive (and rising) and the EMA (200) is still trending upwards.
Anyway if you would like to check out this video for yourself and find out exactly where he thinks this market is headed (including the reasons why), simply click here.
del.icio.us Digg Furl Reddit Ask blogmarks Google Netscape Socializer StumbleUpon Technorati Windows Live Yahoo! Help
1 Comment on Latest EUR/USD Analysis - July 18 2009 »
July 19, 2009
netsuke @ 7:02 pm:
July 20th – New Week
JULY 18TH, 2009, AUTHOR: JFOREX, CATEGORIES: EUR/USD CURRENCY PAIR, FORECAST
The EUR/USD appears to be trending up as the dollar continues to lose value against the Euro. Earnings have been mixed and may represent less than they seem even in the more promising reports.
The dollar gained this week as the pair moved up but fell back and may drop further out of a range of consolidation it is moving within.
I expect on the short term a sell is the right call for the pair into the uncertainty of the new week. There is a lot of bearish sentiment out there and you can usually find a profit betting against the herd. Look for a pull back to 1.40694.
There have been four up moves since July 3rd of 168/239/135/254 Pips. A pull back to the 1.4069 level would give me a target of 1.4311 with a gain of 242 Pips. I like the potential of that trade during the week.
After some more consolidation, expect the dollar to strengthen and then its back to higher ground for the pair.