Short Term Trading forex trading links forex trading books market statistics trader values euro and us dollar Shocks Crashing Monthly Trade, August 2011, EUR/USD

Friday, 29 July 2011

Monthly Trade, August 2011, EUR/USD

The Euro/Usd trends (short/medium/long) are still strongly bullish, as well as the seasonal conditions.  However, a move above 1.4638 is necessary to target 1.4698, 1.48 and eventually 1.50, provide the price does not fall back below 1.4470. The move would complete the head and shoulder formation that started in April.

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