Technical analysis of the EUR/USD parity on July 12th, 2010

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#1 12-07-2010 11:02:40

Bruno: Administrateur; Registered: 07-12-2008; Posts: 4541; Reputation : 0

Technical analysis of the EUR/USD parity on July 12th, 2010

Commentary of the EUR/USD parity :

The parity is currently testing the support at 1.26. All indicators are showing sell signals. If the break out of 1.26 is validated, next supports are at 1.2550 and 1.25. Only the break out of 1.25 will allow to trade short positions. At this time, we advise to wait a return above 1.26 to trade again long positions.

http://www.tribuforex.fr/analyses/FOREX/eurusd-12072010.png

See the previous analysis of the EUR/USD parity of July 9th, 2010

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FOREX stands for Foreign Exchange - which means currency market. The Forex market is where currencies are sold, bought, in the form of parity. On the Forex market, all currencies are traded in real time, 24h/24h, 7J/7J. The Forex is open since few years to individuals, single investors wishing to diversify their investments or pure speculators. The access to foreign exchange market for individuals is offered through Forex Brokers.
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