EURUSD Analysis 2012.05.09

[Forex | Euro vs US Dollar] EURUSD maintains a bid tone for now. Break above (1.3075) may trigger further recovery of the EURUSD. Going bellow latest swing low at (1.2933), however, would confirm continuation of the bearish trend, towards next objective downwards (1.2803).Short positions are favored for today.

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Posted by Chris on May 9 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