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EUR - USD 15 JULY 2009 ( RESULT LOSS )

The EURUSD didn’t make significant movement yesterday. The pair attempted to push lower, bottomed at 1.3910 but closed higher at 1.3970.On the upside, we know that 1.4050/70 area has been a strong resistance since last week but remains a potential area to be tested. For today, expect a ranging market between 1.4050 and 1.3850. Break above 1.4050/70 area should trigger further bullish momentum re-testing 1.4176.

11PIPS WITH ROKOKSALEM

SHORT/SELL : 1.3990 ET /TP: 1.3979 SL: 50PIP
 

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