1.3404 the low right now and the dollar bulls are well in control at the moment.
The next two decent tech levels are the 55 mma at 1.3383 and the 100 wma at 1.3349.
EUR/USD Monthly chart 29 07 2014
1.3400 may be too much too soon to take out this late in the day but it’s looking a one way street right now. I’m going to cut back some of my longs if we break 1.3380 but I’m going to see if I can string it out through the Fed announcement tomorrow. If anything, if it goes in my favour and we get a bounce I may use that to get cut back at better prices.
Decisions decisions eh?
