The EURUSD dropped significantly lower again today and ended the day just below key 1.2287 support, closing at 1.2285. Next week, we will look for a sell entry on any retraces higher back to resistance. Note that 1.2430 area is the next key resistance and would be a good level to watch for price action sell signals next week.
Forex Trade Setups Commentary
EURUSD Falls Significantly Lower, Closes Under Key Support
Fri, Jul 6 2012, 23:23 GMT
by
Nial Fuller
|
Learn To Trade The Market
The EURUSD dropped significantly lower again today and ended the day just below key 1.2287 support, closing at 1.2285. Next week, we will look for a sell entry on any retraces higher back to resistance. Note that 1.2430 area is the next key resistance and would be a good level to watch for price action sell signals next week.





