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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

Thursday, May 19, 2011

EUR/USD intraday: further upside.

Pivot: 1.4205.
Our Preference: LONG positions @ 1.4215 with targets @ 1.434 & 1.438.
Alternative scenario: The downside penetration of 1.4205 will call for a slide towards 1.4125 & 1.4085.
Comment: the pair has broken above its MT bearish channel upper boundary and remains on the upside.
Trend: ST Ltd Upside; MT Range

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