EUR/USD Analysis-June 28,2011
Tuesday, 28 June 2011 05:12
Forex EUR/USD Intraday Analysis – 28 Jun 2011: 1.4432, Alert Level Test Corrections
Yesterday: Open High Low 1.4154 1.4292 1.4287 1.4103 Close
Since almost touching level support at 1.4091 yesterday, yesterday's rebound movement of the Euro up to its highest level in daily 1.4292.
The focus of economic data today for the EUR/USD is:
1. EUR German GfK Consumer Climate at 1: 00 PM
2. EUR German Import Prices m/m at 1: 00 PM
3. EUR German Prelim CPI m/m "All Day"
Currently the Euro still looks bullish movement.
If the price increase continues then headed over to opportunites 1.4432 resistance level.
On the contrary when decreased continues through the trend line diagonal then price of opportunites to level 1.4181.
Prices on the H1 chart visible line MA05 and MA10 bullish conditions.
While the Indicator Stochastic indicating a bullish conditions is limited.