Update

July 25, 2008 at 10:31 am Leave a comment

By FX Insights Moderator 

So far so good for those who euro longs… I’m still holding open all longs taken below the 1.5700 and 1.5660 level and price action is still clear to the upside. 

The only thing that will stop the euro will be USD+ fundamentals today, otherwise 1.5750 should be tested and there’s now decent probability we break that level especially if the data, gold, and oil work together for the euro. 

As of this writing the euro’s at 1.5735 after making a low at the key 1.5660 level, hopefully you were able to profit from our euro long bias for today.

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