Weekly Currency Forecast for 25-29 July, 2011

$EURUSD

It is more likely to go down to around 1.4305 and if it breaks this support it has potential continue it’s way downwards to around 1.4140 or lower. IF it can’t break this level  it will bounce and will go high to around 1.4580 or higher. The strongest levels those may oppose are 1.4900, 1.4690, 1.4580, 1.4436, 1.4305, 1.4253, 1.4200, 1.4142, 1.4104, 1.4050, 1.4009 in this level may be correction of the price. Watch my tweets for hourly tips and signals. And always know that you make decisions on your own risk.

(Current Price: 1.4367)



$GBPUSD

$GBPUSD will go down for a while to 1.6244 or lower and then it will go upwards to around 1.6400 or higher. The Support/Resistance levels are: 1.6451, 1.6400, 1.6325, 1.6262, 1.6165 and 1.6104. And there is another scenario when the news will play it’s role on giving the direction to the movement, in that case watch the real-time news and follow me on twitter to catch some of fresh ideas and signals, and subscribe to my blog for daily currency forecast.
For hot signals and my personal orders during the day on $GBPUSD follow my twitter account.





(Current Price: 1.6298)


AUD/USD
...Coming soon
USD/JPY
No Comment
USD/CHF
No Comment

Subscribe to my Daily Currency Forecast for more detailed predictions of intraday trading.
Have a nice day! Follow me on twitter for real-time updates and forex signals.

Posted in: Forex Analysis,Weekly Currency Forecast,Weekly Forecast