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Market Trend (EU Pair n Cross)


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Market Trend (USD Pair n Cross))


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Trading Update By ForexCycle

Forex Market Movement

Wednesday, May 11, 2011

EUR/USD intraday: continuation of the rebound.(Pre Europe session)

Pivot: 1.4330.
Our Preference: LONG positions above 1.433 with 1.4445 & 1.451 in sight.
Alternative scenario: The downside breakout of 1.433 will open the way to 1.425 & 1.42.
Comment: the RSI is supported by a bullish trend line.
Trend: ST Ltd Upside; MT Range

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