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28 June 2007

EURUSD - Bearish attack failed

EURUSD - Bearish attack failed



Already a week EURUSD is gravitating around 1.3450 level. It is visible on the chart that bears have been more active that bulls and their attacks gain strength and each new one is stronger than the previous.

Currently it seems we are in the next unsuccessful bull attack, which breaking the 1.3475 level though, lost steam. Because of the support of Acceleration and Momentum the chances for an up move are sill valid, but keep stops tight and eyes open for the next move.

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