FX.co ★ EUR/USD market manipulations analysis for July 27, 2011

As expected, we saw continuing movement from the important level 1.4370 that provides support at the moment; the growth was caused by Obama’s comments on the increase of national debt level. At the moment I would like to highlight the formed support level 1.4470-90. After it is tested the growth is likely to continue. Market behavior can be influenced by the US statistics.
Trading recommendations:
- Buy from the support level.