All About Forex: EURUSD Daily Forecast: July 27

Monday, July 27, 2009

EURUSD Daily Forecast: July 27

EURUSD Forecast

The EURUSD attempted to push higher on Friday, topped at 1.4252 but further upside momentum seemed limited as the pair closed a little bit lower at 1.4200. The broadening formation should keep us stay away from the market but a clear breakout above 1.4250/70 area could trigger further bullish momentum re-testing key level 1.4336. Immediate support at 1.4150. Break below that area should trigger further downside pressure towards 1.4050. CCI in neutral area on h4 chart.





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