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Apr 19
EUR / USD Intraday - May 17, 2011: Testing to 1.4047, Beware Rebound
Tuesday, 17 May 2011 05:04

Yesterday: Open 1.4067 High 1.4244 Low 1.4047 Close 1.4162

Since entering the Asian session trading yesterday, the euro bullish daily to the highest level at 1.4244.

Currently visible movement of the euro currency are still experiencing bearish but rebounded to watch happen to remember this day EcoFin Meeting held economic agenda.

The focus of today's economic data for the EUR / USD is:
1. EUR ECOFIN Meetings "All Day"
2. EUR ZEW Economic Sentiment in Germany at 16:00 pm
3. EUR ZEW Economic Sentiment on at 16:00 pm

20110517_eur1


If the price increases continue to open opportunities to the 1.4287 resistance level.

Conversely if the decline continues, the price of open opportunities to the 1.4047 level.

Prices shown on the graph H1 and M10 MA05 line will go to the bearish conditions.

While the Stochastic indicator indicates bullish.