EUR USD 17072009

To All, above is my forecast for EUR USD. There are 2 supports at 1.4068 and 1.4006 respectively using Pivot Point calculation on the Hourly Chart. EUR USD may be expected to come down breaking the first support and rest at the second support line.

Choppy day for EURUSD 13 July 2009

Dear all,

expecting a choppy day for EURUSD as the price action does not indicate that sellers' strength and momentum is increasing. Sellers might have more difficulty trading below the multiple support levels below 1.3900 such as the 1.3880, 1.3865 and 1.3850 support levels.

If selling strength is weak, we might see an inside day with an upclose where buying strength can push EURUSD to a potential high of 1.4015 today. Take caution when entering a trade and when there is strong entry criteria.

Regards,

Siwei.