#EURUSD Outlook 30/06/2011

EURUSD is approaching the lower trend line of an ascending channel after it encountered strong resistance at the 1.4520 level.

MACD bear divergences point that a break is imminent. Entry should be guided towards the change of the main move of the day (break of todays low).

Cheers.

The 30 min chart demonstrating a rising channel formation. Price encountered strong resistance at the 1.4520 level.