EURUSD – Intraday Strategy (10 Jul 2013)


Recommendations: SHORT positions below  1.2855 with 1.2800 & 1.2770 as next targets.

Alternative scenario: The upside breakout of 1.2855 will call for a rebound to 1.2900/1.2975.

Description: The pair trades below its resistance at 1.2855, as long as this level holds, look for further downside losses towards 1.2800/1.2870 levels, stability below 1.2755, will open the way towards 1.2700/650 levels, an hourly closing above 1.2855, would delay the bearish move and pave the way towards 1.2900/75 before the next fall.




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