The EURUSD was unable to move higher today, stalling at 1.2320 resistance to end the day slightly lower from Wednesday. We can see this market is having trouble getting traction to the upside even after 3 consecutive bullish pin bars off support at 1.2175, as a result we could expect consolidation between 1.2320 - 1.2175 in the near-term.
Forex Trade Setups Commentary
EURUSD Fails to Break Higher
Thu, Jul 19 2012, 23:13 GMT
by
Nial Fuller
|
Learn To Trade The Market
The EURUSD was unable to move higher today, stalling at 1.2320 resistance to end the day slightly lower from Wednesday. We can see this market is having trouble getting traction to the upside even after 3 consecutive bullish pin bars off support at 1.2175, as a result we could expect consolidation between 1.2320 - 1.2175 in the near-term.





