EUR/USD for July 7
Currencies / Forex Trading Jul 07, 2009 - 03:27 AM GMT
Push above 1.3990 would be an early signal of bullishness. A move above 1.4000 would confirm. Resistance is at 1.4020, 1.4040 and 1.4100>br>
A drop below 1.3940 indicates weakness and a test of the recent lows near 1.3880 would come into play. Support is also just above this at 1.3900.
USD/JPY Bias Up
Strong finish yesterday put the pair in a bullish spot, yet it still has to climb above a resistance area around 95.40. If it can, resistance is beyond at 95.60, 95.80 and 96.10.
Failure to really push above 95.40 will likely encounter some minor
Analysis by: http://www.Forexpros.com - Written by Cory Mitchell
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