Forex Technical and Fundamental Analysis for the Week of July 18

(Business Insider)- EUR/USD had a down week and even broke through the 1.40 handle solidly. The pair then bounced back up, and it appears that the week is forming a hammer. This is very bullish, but it should be noted that the highs are getting lower, and as such – we don’t like buying at this point. A break below this week’s lows gets us wildly bearish and selling quickly. There is simply too much headline risk out of Europe to buy the Euro at this point. Read more here…