EURUSD technical outlook - July 19 2013

EURUSD technical outlook – July 19 2013

Yesterday we saw a continued yo-yo effect. Down and up. The pair was down until the afternoon and then EURUSD bounced once again. It is a bit of a steady upside market but still limited in the range: there is no any breakout. We need to have a clear break out having indication about the macro trend.

But for today we might see a test on the long side at 1.3175. Our bet for today is more bullish the sentiment.

BFM

Blindfoldedmonkey is a daytrader and money manager who has spent more than 10 years in this business. Risking his own money each day in the market and working for some funds as money manager and adviser. With many years of experience, he developed a system, which called - "Fractal Trend & Contratrend". This system is a complex trading solution for the forex markets. He writes often fx analysis, holds forex seminars and webinars, already teached many hundred traders about how to approach the markets in practice.

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