Earlier mentioned decline levels will be continued, in line with the analysis of July 6. Expect a decline to 1.19 and place your stoploss on 1.3075.
| Read the complete EUR/USD analysis of August 12, 2010 |
We closed our short positions on the DAX, Dow Jones and S&P500 with a nice profit. The recent rise took out our profit stops changed the market outlook to a bullish one. We are evaluating long positions at the moment.
| Read the complete Reverse position – closed with profit analysis of July 21, 2010 |
EUR/USD will continue it’s rise to approximate 1.27 before the earlier decline to 1.16 will be resumed. A significant move above 1.27 invalidates this scenario.
| Read the complete EUR/USD analysis of July 6, 2010 |