EURUSD – Intraday Strategy (17 Jul 2013)

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EURO-Dollar-min

Recommendations: LONG positions above 1.3120 with 1.3175 & 1.3240 as next targets.

Alternative scenario: The downside breakout of 1.3120 will call for a slide to 1.3050/1.3000

Description: The pair’s already found support at 1.3120, as long as this level holds, It will try higher towards 1.3175, break of 1.3175 will pave the way towards 1.3200/1.3240 levels, an hourly close below 1.3120 will reverse risks towards 1.3050/1.3000 levels.

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