RSS
Tools
Dec 19
EUR/USD - May 19, 2011: Testing to 1.4341, Beware Correction
Thursday, 19 May 2011 05:12

Yesterday: Open 1.4235 High 1.4288 Low 1.4194 Close 1.4250

Since trading began yesterday's Asian session, the euro had touched its highest level at 1.4288 daily. But since then, the movement of the Euro bearish trend toward the diagonal line but failed to pass.

Today, look euro currency is bullish.

There is no focus on economic data today for EUR / USD.

20110519_eur

If the price increases continue to open opportunities to the 1.4341 resistance level.

Conversely if the decline continues and the trend line through the diagonal, then the price opened up opportunities leading to the 1.4194 level.

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

While the Stochastic indicator indicates there is still bullish.