EUR/USD on Wed 4-Jul-2012

I was reading soulfire blog and he kind of reminds me to check my statements and keep track of my own performance.

I extracted my transaction for Jun-2012 month and its a positive result with only 1/3 of my normal number of transactions.

So, rather than wanting to trade everyday, trade when I am certain and put more focus in the market.

EUR/USD

I reckon market to suffer trade sideways bias down during early of the month, and estimate market to pull up after testing 1.2500 support or maximum to the purple support line estimate 1.2400 - 1.2450.

after that market to continue pulling up to 1.2900 resistance level (horizontal red line).

for July 2012, market to trade within 1.2500-1.2900 (400 pips)

4 Hour Chart: I reckon market to trade sideways bias down towards 1.2500 for 1st week of July before moving up.

However, the correction down might not be significant if market manage to stay above 1.2560 (EMA50 in 4H) then it shall not visit 1.2500 but will right away trading up towards 1.2700 then 1.2900.

early of this week hunt for short, and wait for opportunity to long when market approaches weekly support 1.2500 or upward support line 1.2400.