EURUSD Analysis 2012.05.21

[Forex | Euro vs US Dollar] We believe that possible bearishness could be seen during this trading session. Immediate resistance is at (1.2795). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish.We will be looking to sell EURUSD upon any price retracement.

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Posted by Chris on May 21 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