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Dec 20
EUR/USD Analysis-June 09,2011
Thursday, 09 June 2011 05:05

Forex EUR/USD Intraday Analysis - June 9, 2011: Testing the 1.4727 level, Potential Happen Sharp Correction

Yesterday: Open 1.4686 High 1.4694 Low 1.4563 Close 1.4579

Since trading began yesterday's Asian session, the movement of Euro bearish until the range of 130 pips.

Currently, the movement of the Euro looks bullish.

The focus of today's economic data for the EUR / USD is:

1. EUR French Final Non-farm payrolls q / q at 13:45 pm 

20110609_eur

If the price increases continue to open opportunities to the 1.4727 resistance level.

Conversely if the decline continues, the price opened up opportunities leading to the level of 1.4563 and 1.4509.

Prices shown on the graph H1 line MA05 and MA10 bullish conditions.

While the Stochastic indicator indicates bullish conditions is limited.