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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

Monday, May 9, 2011

EURUSD Intraday : the downside prevails

EUR/USD intraday: the downside prevails.

Pivot: 1.45
Our preference: Short positions below 1.45 with targets @ 1.431 & 1.425 in extension.
Alternative scenario: Above 1.45 look for further upside with 1.455 & 1.4625 as targets.
Comment: the pair stands below the 1.45 strong resistance and remains under pressure.
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