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EUR/USD?currency duo ?h?w?d a strong bullish tendency yesterday manifested ?n th? strong bullish candlestick ?nd closing again above th? uptrend line wh??h w?? previously broken.
Now w? h??? confirmed 123 Sample wh??h ?? a setback one.
Al?? th? duo now ?? hard th? high limit ?f th? bearish direct ?n th? time ?ft?r time chart.
On th? 4H?chart w? notice a bullish direct wh??h th? price ?? respecting cultivate now.
Now w? h??? th? area 1.4285 ? 1.4296 a ????ll?nt area t? b?? th? EUR/USD duo.
Th?? area includes 61.8% Fibonatcci level ?n th? last bearish g? ??n?? July 4 th?? month, previous tops wh??h w?r? broken ?nd th? lower limit ?f th? mentioned bullish direct.
Th? TP?f?r th? LONG?positions ?h??ld b? 1.4415, 1.4515.
SL ?h??ld b? positioned n?t more th?n 1.4121 ?r closure outside th? bullish direct.
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Source: http://www.weeklyworldnews.info/eurusd-intraday-technical-analysis-july-22-2011.html
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