Max McKegg FX Technical Analysis

EURUSD - Selling opportunity ahead

New Zealand, 13 July 2012 at 06:10 GMT+0
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Since my last update the Euro has sold-off nicely to new lows for the year just as I anticipated, providing excellent selling opportunities in EUR/USD. A corrective recovery towards key mathematical resistance is likely to yield the next worthwhile selling opportunity in the Euro for resumption of EUR/USD's downtrend towards the 1.2000 level in the days ahead.

EURUSD 

Today's Highlighted Trades:  AUD/USD,  CHF/USD  &  GBP/USD as outlined in my Daily FX Trading/Forecasting service & already sent to my subscribers world-wide.

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Max McKegg, FX technical analysis

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Disclaimer

Saxo Bank provides an execution-only service. The material on this website does not contain (and should not be construed as containing) investment advice or an investment recommendation, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Saxo Bank accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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