Technical analysis of the EUR/USD parity on July 22th, 2010

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» Technical analysis of the EUR/USD parity on July 22th, 2010

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#1 22-07-2010 10:52:48

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

Technical analysis of the EUR/USD parity on July 22th, 2010

Commentary of the EUR/USD parity :

The parity is currently testing the lower band of its bullish channel (black lines). All indicators are now bearish. We are expecting a rebound on the lower band. A return above 1.28 will comfirm this rebound and we will then advise to trade only long positions as far as the price is above 1.2750. However, if the price continues its bearish movmeent below 1.27, a sell signal will be given.

http://www.tribuforex.fr/analyses/FOREX/eurusd-22072010.png

See the previous analysis of the EUR/USD parity of July 21th, 2010

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» Follow up of Tribuforex analysis

» Technical analysis of the EUR/USD parity on July 22th, 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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