Thursday, 26 July 2012

EUR/USD 26 JULY 2012


EUR/USD – follow me on twitter @fxdailyforecast and stocktwits.com/fxg
Price broke the interim high closing the gap from Asian session on Sunday.

FOR TODAY:
We are still looking for a deeper retracement to 2215 or even the 786 up at 2263.

If we don’t get the setup we are looking for then we don’t trade.

SHORT: WILL ONLY BE GOING SHORT IF:
We need a retracement to the 618/786 of this swing for a short trade setup.

If we don’t get the setup we are looking for then we don’t trade.

LONG: WILL ONLY BE GOING LONG TODAY IF
We can wait to see if price tests 2090 before continuing up, if we get a bullish cs formation at that level we can enter long for target higher.

If we don’t get the setup we are looking for then we don’t trade.

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