Daily Elliott Wave Forex Forecast-2-August-2010

Title: EUR/USD – Sideways Trend
Story: Trend is sideways in EUR/USD currency pair. So far we have seen well stretched rally. We could get more upside in EUR/USD currency pair. Cluster of resistance levels starting from 1.3123 to 1.3171 which provides good area to short the rallies in EUR/USD currency pair. A break below 1.2949 support will start the down trend in EUR/USD currency pair.

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