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EUR/USD Forecast 19 July 12

 

Good day forex traders.

It will soon be Friday and the end of the trading week. If you are green with profit, do remember to protect your winnings. If you are red with a loss, do not put emotions into your trade and risk excessively.

In the previous EUR/USD forecast we noted that the EUR/USD was trading in a narrow range.

 

eurusd

Solution: Protrader

 

From a technical point of view, the trading range remains narrow. A point to note is that the currency pair seems to be making higher lows. This may be a sign of a mid bullish correction.

We are expecting the Eurogroup meetings and hence do be careful as their discussions are on the Euro Zone budget deficit

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