Wednesday

Forex Forecast: 3 August 2011 EURUSD



As you can see on the chart above, the market is quite "sideways". No significant movement. So, it is hard to predict the forex price movement for today. However, for those who insist want to open position, personally I will take long position on EURUSD with small margin. Hit-and-run strategy.

Supports: 1.4165, 1.4090, 1.3995
Resistances: 1.4230, 1.4270, 1.4335, 1.4440