Monday, June 29, 2009

EURUSD 29 June 2009

Dear all,

Expecting EURUSD to be volatile this week as we have two major events this week.
On Thursday, the ECB minimum bid rate as well as Independence Day holiday on Friday.

This might result in a sideways week with the likely supports at the 1.3800 to 1.3850 levels while 1.4110 is a strong resistance level this week.

Do trade with care and always remember to set reasonable profit targets.

Regards,
Siwei.