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  • Opinions - Not Facts

    This blog consists of contributions from FXCM staff, executives and people that have a relationship with FXCM. In spirit of a blog, the posts are conversational and opinionated. However, they are not official FXCM policy and not double-checked for facts. The authors are providing information that they believe to be true or opinions they hold. To verify information or check official FXCM policy, please contact FXCM through the firm's official website, www.fxcm.com.

    • « Is the British Pound Headed to 2.10? | Home | New!! Canadian Dollar Denominated Forex Accounts »

    EUR/USD - Picking a Top Update

    By DailyFX Updates | July 25, 2007

    Back on the 23rd, I indicated that it is time to pick a top in the EUR/USD…

    and here we are 100 pips lower. I was looking for a break of 1.3775. We had that break and are now trading at 1.3725. Where are we headed next? At least 1.3700, the 20-day SMA. Traders could add to break below that (lets say 1.3675), for an eventual test of 1.3575.


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    Topics: DailyFX.com Updates |

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