EUR/USD Analysis-June 10,2011
Friday, 10 June 2011 05:04
Forex EUR/USD Intraday Analysis - June 10, 2011: Testing Level 1.4450
Yesterday: Open 1.4578 High 1.4653 Low 1.4477 Close 1.4513
Since trading began yesterday's Asian session, the Euro looks bullish movement gradually up to the range of 60 pips and look to test three times the diagonal trend line but without success impenetrable. However, before the session of the United States, Euro bearish turmoil sharp to penetrate the first support level at 1.4563 and the second support level at 1.4509.
Currently, the movement of the Euro are still trying to bullish again.
The focus of today's economic data for the EUR / USD is:
1. Germany EUR Final CPI m / m in at 13:00 pm
2. EUR Germany WPI m / m in at 13:00 pm
3. EUR French Industrial Production m / m in at 13:45 pm
4. EUR ECB President Trichet Speaks at 13:50 pm
If the price increases continue to open opportunities to the 1.4635 resistance level.
Conversely if the decline continues a trend line through the diagonal then the price of open opportunities to the 1.4450 level.
Prices shown on the graph H1 line MA05 and MA10 bullish conditions is limited.
While the Stochastic indicator indicating a bearish condition.