Saturday, July 26, 2008
EURUSD - Today's outlook
EURUSD is in a trading channel now. Now it is at the bottom of the trading channel. From a technical perspective, there are multiple support at this level. See image below. There is a good chance that it will move up. Time to toe in and take a long position now. If it break down (closes below on a daily basis) then get out. I think it is a low risk entry.