EURUSD Struggles With 1.2950

ForeXecutor Demo Account

EURUSD Struggles With 1.2950

Monday, 26 July 2010 14:55

The pair is having trouble getting above 1.2950 after three attemps during the combined Asian European sessions. It isn't surprising that this level presents resistence since it hit 1.3000 last, it hasn't been able to make a decent run there again. Should it continue to fail here, look for 1.2800 to come into focus . Yet a strong close and move over that level should see 1.3086 and 1.3200 come up.

However the other side to this coin is a crappy week of sideways action between 1.2800 and 1.3000. That would be a downer.

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