EUR/USD Hourly Chart (as of 7/1/2013):
The pair is currently trading in a narrow range between 1.3000 and 1.3100, above the key support/psychological level of 1.3000. Price tested the 1.3000 area three times, showing strong support at this psychological level. The hourly RSI is trading in an upward trend channel, and the MACD is trading above an uptrend line.
Short-term Trading Strategies:
Bullish if the price can hold above 1.3000.
1st resistance: 1.3100
2nd resistance: 1.3150
Bearish if 1.3000 cannot hold.
1st support: 1.2950/00
2nd support: 1.2830/00
No comments:
Post a Comment