FX.co ★ EUR/USD - Bearish outlook for July 26, 2013 (daily strategy)

The euro is again about 1.33, a value which for now has become a barrier that is hard to overcome. But if it wins it will extend its gains to 1.3330, next resistance. However, we note that the euro stopped in the second weekly resistance. Given that we have a clear signal to sell, we recommend selling at current price levels. But if the pair closes above 1.33 you must close positions and wait until a new opportunity. The US dollar is low, it is because certain media indicate that the Fed will not change its current monetary policy; FOMC interest rate announcement is scheduled on July 31.

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