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Market Trend (EU Pair n Cross)


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Market Trend (USD Pair n Cross))


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Forex Market Movement

Friday, May 20, 2011

EUR/USD intraday: caution. (US Session)

Pivot: 1.42
Our preference: Long positions above 1.42 with targets @ 1.428 & 1.434 in extension.
Alternative scenario: Below 1.42 look for further downside with 1.4125 & 1.407 as targets.
Comment: the pair stands above its support and should post a rebound as the RSI is turning up.

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