Euro Dollar: The indecision is placing on the Cross Tuesday, July 20, 2010 at 13:23

The financial markets are in sharp decline before a new set of quarterly publications expected Tuesday across the Atlantic, starting with the banking giant Goldman Sachs before Apple and Yahoo in the evening.

At about 1:20 p.m., the spot is worth approximately $ 1.29.

From a graphic point of view, currency pair euro / dollar is now moving into a trading range visible on the graph given hour ($ 1289 - $ 1.30). Speculators can take advantage of it to play on the terminal reactions of low and high marker.
In the medium term, the momentum remains bearish. Exceeding the $ 1.31 invalidate this scenario and then propel cross towards $ 1.3511.

However, no effective trading port of entry can not be reached for hours for a medium term trade. Under these conditions, we prefer simply to stay out of the spotlight during the next few hours, and does not take a position.

Hourly data chart:



Graphic data tasks: