Forexpros.com Daily Analysis - 20/07/2010

[forexpros]

ForexPros Daily Analysis July 20, 2010


Free webinar on ForexPros - Let's do some simple Trend Trading
Expert: Kellie Durazo
When: Tue, August 17, 2010, 10:00a.m. ET

Why spend hours analyzing charts when you can learn a few simple trading strategies that are effective and easy to learn.

During this webinar, Kellie Durazo will teach you how to follow and trade the trend "making the trend your friend", enhancing your technical analysis and giving you more trading opportunities for profit in the fx market.



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Fundamental Analysis: Fed Chairman Bernanke Testifies

Ben Bernanke, US Federal Reserve Chairman, will be testifying in Washington DC, regarding America's economic outlook and financial markets.
His comments may determine a short-term positive or negative trend.

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[color=black]Although the Euro broke the support specified in yesterday