7-1-08
6:21a GMT – Support for the EUR/USD at 1.5715 is being tested for the second time on the 4H chart after a good bounce on 6/26-6/27. Pair has been crashing against this support for the past 24 hours and I expect it to hold.
Trading Idea: Long positions above 1.5715 are favored while support holds. Targets at 1.5745, 1.5780 and 1.5830. If support is broken look for a return to 1.5675 and 1.5615.
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