Tue, 01th of July, 2008

By Setyo Wibowo (analyst@fxinstructor.com)

EURUSD Outlook

The Greenback recovered against Euro yesterday as I had expected. Today I am expecting further downside correction. My model is short, targeting 1.5650. Immediate resistance is seen at 1.5770. CCI in overbought area and about to cross 100 line down.

EURUSD Daily Supports and Resistances:

S1= 1.5711

S2= 1.5668

S3= [...]