Today’s FX Thoughts - AUGUST 8^th

Today I am Highlighting EUR/USD:

EUR/USD has found resistance around the mid 1.2400’s a tough barrier to clear (for

the moment) and this maintains the opportunity for a deeper corrective reaction (i.e.

correcting the advance extending from last week’s 1.2135 low) before EUR/USD’s

Uptrend is ready to resume in earnest.

I am still looking to capitalise upon a deeper corrective retracement in the Euro,

with my area of Buying interest being around 1.2300 and again at 1.2275/1.2260. I am

still expecting any such deeper corrective reaction to Hold the low 1.2200’s.

This analysis, along with JPY, CHF, GBP, AUD and NZD (and my trading recommendation), is updated in my FX Forecasting service, emailed daily to my subscribers in over 30 countries. For a 3 week trial, email TRL@clear.net.nz

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damage that may result, directly or indirectly, from any forecast, comment or opinion, information or omission, whether negligent or otherwise, within this report.