FX Trading UPDATE  -  July 16th

EUR/USD is recovering as anticipated and the corrective recovery still has potential to extend toward the low/mid 1.2300’s (see chart below). I will then be looking for signs of exhaustion, to herald the next worthwhile Selling opportunity.

This forecast, together with JPY, GBP, CHF, AUD and NZD, will be updated in my daily FX forecasting service which is emailed Monday - Friday to subscribers. If you would like a 3 week trial of the daily service contact TRL@clear.net.nz

Disclaimer: Max McKegg & Technical Research Ltd accept no liability  whatsoever for any loss or

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