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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

Wednesday, May 18, 2011

EUR/USD intraday: rebound expected. (US Session)

Pivot: 1.419
Our preference: Long positions above 1.419 with targets @ 1.432 & 1.438 in extension.
Alternative scenario: Below 1.419 look for further downside with 1.4125 & 1.4045 as targets.
Comment: the pair is pulling back on its support ahead of a rebound.

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