By: DailyForex.com
Review of 24 July 2013 Outlook
If you followed the previous forecasts you shorted the 96-97 range and exited in the 93-94. I flagged this the 94-96 range between to be avoid until a clear break through develops above or below, which has been born out by the lack of obvious momentum as the cross oscillates up and down in this range.
Forecast for 25 July 2013 Outlook
For today the same forecast applies, wait for a breakthrough outside the 96-97 range. If a trend starts to develop, it will probably take a while so suggest waiting for the trend reversal.