Monday, July 20, 2009

EUR-USD and US dollar index - chart analysis update

Let's look at the EUR-USD chart:
1) There was a buy trigger signal activated this morning at our predefined price of 1.4150 (see my previous post of last week).
2) Do I buy? not yet! because the second set up condition to enter into a trade for me is that the US dollar index has to go below 79.5, which is not yet the case (see the chart below).

Let's see what happens in the next few hours and tomorrow.

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