EURUSD Analysis 2012.05.03

[Forex | Euro vs US Dollar] The EURUSD bias is neutral. Upper barrier is at (1.3293), break above that area could trigger further short term upside pressure testing (1.3263). On the downside, the important price level at (1.3111) may be tested or broken in the coming sessions, which may pull the pair towards (1.2985 – 1.2934).We should wait for a clearer outlook on EURUSD.

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Posted by Chris on May 3 2012. Filed under Forex Reports. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry