EURUSD Analysis 2012.05.17

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[Forex | Euro vs US Dollar] We see better value in short positions. If the price will go below the first support at (1.2681), this would confirm continuation of the bearish trend, towards next objective downwards (1.2604) then (1.2564) and (1.2524) will follow.You may try to sell from (1.2799), (1.2869), and (1.2911) with a stop loss above (1.2879). Continue reading

EURUSD Analysis 2012.05.08

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[Forex | Euro vs US Dollar] We can say that additional bearish movements could be seen during current session, particularly if it succeeded to maintain prices below (1.3190) zones. A proper confirmation would occur if the EURUSD will manage to fall beyond the (1.2990) support level.You may try to sell from (1.3121), (1.3167), and (1.3236) with a stop loss above (1.3190). Continue reading