An overview of the
currency markets by 
The trading week is almost over but there are a lot of potential trades we’re monitoring - including a little longer term trade on the EUR/USD.
You can see the trendlines we drew in and these show the potential for more upwards pressure.
Our initial analysis shows a potential price target of 1.4189. If it passes that, then look for it to test the high from 6/3/09 at 1.4336. If it closes above and breaks away from that price point, then look for the price movement of 1.4400 and up.
We may see it come down to test the bottom trend line - so you must decide for yourself when the best point of entry is for you. Utilize your money management and figure out your Risk vs. Reward ratios.
In the event we don’t see you again before the weekend, we hope everyone has a great weekend - and everyone has a happy and safe Father’s Day on Sunday.
Again - if you haven’t signed up to receive emails of whenever we update our blog, be sure to sign up so you can receive the latest Forex signals and analysis from Pro Pipper Trading.
Good luck.
[...] in a post on June 19 on the EUR/USD (http://blogs.fxstreet.com/tradersedge/2009/06/19/eurusd-a-little-longer-term-look/) we said it would potentially go up to the 1.4400 area and we’ve seen quite a move in the [...]