Daily Forex Analysis – July 2, 2008

20080702_eurusd_1.gifEURUSD Analysis.
EURUSD is forming a sideways consolidation. Pullback to test the support of the up trend line from 1.5302 to 1.5468 is still possible later today. As long as the trend line support holds, we’d expect up trend to resume, and rise towards 1.6000 area could be seen after consolidation.

For long term forex analysis.

Get Your Free Elliott Wave Tutorial Now!

See also:
Forex Articles
Forex Reviews
Powerful Profit System
Automate Your Trading Profits
Boost your Profit to Extreme