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August 1st 2014 Daily EUR/USD, GBP/USD, EUR/JPY Analysis

August 01
06:35 2014

My apologies everyone I had something come up and had to leave urgently this morning so I can only post the EU analysis from my phone today.

The EUR/USD didn’t make any sort of push yesterday leading me to believe they don’t have the desire to make a full reversal. If they weren’t going to unload at the end of the month then the probability is they will continue the move down. Of course I will be open on direction today with nothing clear but do prefer a short with all things considered.

The best level I see is at 1.3399 but current price is close so it would be better to see the Asian session drop price a bit before testing during London later today. Otherwise I will be open for the long as well from 1.3371 but will be more careful since if they want to hit stops they will run it below Wednesdays lows before running up.

EU 1hr chart

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1 Comment

  1. Animesh Debbarma
    Animesh Debbarma August 01, 07:35

    Morning was not that exciting without your analysis. But now it is alright. Thanks very much!

    Reply to this comment

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