EURUSD – Intraday Strategy (22 Jul 2013)

2
330
EURO-Dollar-min

Recommendations: SHORT positions below 1.3217 with 1.3145 & 1.3065 as next targets.

Alternative scenario: The upside breakout of 1.3217 will extend gains towards 1.3280/1.3330

Description: The pair already found resistance at 1.3217 levels. As long as this level holds. The pair will remain under pressure with risk towards 1.3143. A 4 hour close below 1.3143 will pave the way towards 1.3065 levels. An hourly close above 1.3217 will extend gains towards 1.3280/330.

MARKET DATA

UPCOMING ECONOMIC EVENTS

2 COMMENTS

  1. Note that an hourly close below 1.3189 will accelerate the expected bearish move , a failure to hold below 1.3189 on hourly closing basis could mean a return to 1.3217 levels..

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