Friday, July 16, 2010

USD Daily Market Thought 19072010

USD  test trendline and suport sitting around 82 and close green today , was a good reaction but bulls need to break some resistances short-term and prove that this can be a minor or major bottom short-term.
We will have to see monday session to have a better view of next sessions.
Looking to EURUSD can run more to 1,31 (will put chart later).
Above today lows expect test 83.80 possible extension to 84.40 this is my first scenario.
Continuation downswing expect 81 possible extension to 80.
Resistance 83.80 and 84.40 Suport 81 and 80.
USD Daily chart
Good luck folks.

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