Week ahead (22 – 29.7.2013) – EURUSD

EURUSD is holding in an upper range of a “Bernanke” move from 2750’s low. We have seen so far nearly 50% retracement of this move and we are steadily moving higher. Current holding point for this up move is a 3070’s zone which has proven to hold on 18th Thursday. So as long as we can steadily hold above this level, I believe we are going to see higher highs.

Have a great trading week.

lechiffre