EURUSD Analysis 2012.05.17

[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).

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Posted by Chris on May 17 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