Thursday, July 2, 2009

Month of July

Month of July started with a bang and some good volatility. An UP day on 1st of July and a DOWN day on 2nd of July.

Lets see what this month's price action has to offer.

If price breaks 1.3920 we will see more downside as this area is 38% Fibo from June 16 low to July 1st high.

If price breaks back above 1.41oo, we may see more upside.

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