EUR/USD Analysis-June 20,2011
Monday, 20 June 2011 05:10
Forex EUR/USD Intraday Analysis - June 20, 2011: Testing Level 1.4130
Yesterday: Open 1.4215 High 1.4338 Low 1.4127 Close 1.4305
Ever since Europeans began trading session yesterday, the euro bullish movement until the past few pips from the first resistance level is at 1.4327.
Currently looking sideways movement of the Euro.
The focus of today's economic data for EUR / USD is:
1. EUR Germany PPI m / m at 13:00 pm
2. EUR Current Account at 15:00 pm
3. EUR ECOFIN Meetings "All Day"
If the increase continues a trend line through the diagonal then the price of open opportunities to the 1.4398 resistance level.
Conversely if the decline continues then the price of open opportunities to the 1.4130 level.
Prices on the graph H1 visible lines MA05 and MA10 bearish conditions tend sideways.
While the Stochastic indicator indicating a bearish conditions is limited.