Mar 16
EUR/USD Analysis-July 04,2011
Monday, 04 July 2011 05:19

EUR/USD Intraday Analysis - July 4, 2011: 1.4671 Masihkah Able To Level? Correction Alert Occurs

Yesterday: Open 1.4493 High 1.4550 Low 1.4437 Close 1.4530

Range of movement of Euro yesterday reached 100 pips daily with the highest level at 1.4550 and at 1.4437 daily lows.

Currently the Euro still looks bullish.

The focus of today's economic data for EUR / USD is:
1. EUR Sentix Investor Confidence at 15:30 pm
2. EUR PPI m / m at 16:00 pm
3. USD Bank Holiday "Independence Day" 

If the price continues to increase opportunities to the 1.4671 resistance level.
Conversely if the decline continues a trend line through the diagonal then the price of open opportunities to the 1.4379 level.

Prices on the graph H1 visible lines MA05 and MA10 bullish conditions.

While the Stochastic indicator indicating a bearish condition.