EURUSD Jul 29, 2016

I posted the EURUSD forecast last week on Jul 24, 2016. It shows that it follows the green dash line but it comes up a bit earlier as a lot of events happening this week. Let’s watch the area (highlight in yellow) closely. If it doesn’t penetrate the resistance line fully, we might consider to short euro at this position.

EURUSD_JUL29_2016

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1 thought on “EURUSD Jul 29, 2016”

  1. As USD is further weakening, EURUSD already break through the resistance level. Please don’t short EUR before the non-farm news (Aug 5th). Instead, you can seek to put a short-term trade with light warehouse to long EURUSD if it can keep above ~1.12 level. Trade with proper stop loss. Close all the trades before Friday (non-farm night).

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