Forex Trade Alert for EUR/USD SELL.

<FOREX Trade Alert for Wednesday Jul 16, 2008>

A divergence in the MACD indicator has been found. When this appears on a 5th wave this could be a sign of exhaustion. The current upward trend may soon correct or end. The CCI has crossed below 100. Look for falling prices soon.

TRENDLINE ALERT: Support level of 1.5920 was broken today. Look for a possible drop to the next support level.

Next Day Trading Ranges for Wednesday Jul 16, 2008.

The 20 day moving average of the daily trading range is 133 pips, and the 60 day moving average of the daily trading range is 144 pips. This shows that volatility has decreased in the short term. The percentage of updays when the open/low ratio is less than 25% is 72.96 percent. This means that if this security or future does not drop more than 33 pips from the opening price then there is a 72.96 percent chance that this will be an upday.

Monthly Pivots.

The [R3] or the most extreme high trading range is 1.6059.

The [R2] or the extreme high trading range is 1.6004.

The [R1] or the high trading range is 1.5912.

The [P] or pivot point is 1.5857.

The [S1] or the low trading range is 1.5765.

The [S2] or the extreme low trading range is 1.5710.

The [S3] or the most extreme low trading range is 1.5618.

Current Day Trading Session:

Momentum is continuing upward at the present time.

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