EUR/USD Analysis-May 26,2011
Thursday, 26 May 2011 05:43
Yesterday: Open 1.4103 High 1.4118 Low 1.4013 Close 1.4083 : Testing to 1.4201, Potential Amendments Sharply
Since trading began yesterday's Asian session, the euro has decreased by about 90 pips. But before the early European session, re-Euro try to rebound to the highest level of daily yesterday at 1.4118. On the whole movement of Euro yesterday still within normal limits in the range of 100 pips.
Currently, the Euro looks bullish.
The focus of today's economic data for the EUR / USD is:
1. EUR Germany Import Prices m/m
2. EUR ECB President Trichet Speaks
If the price continues to increase opportunities towards 1.4256 and 1.4201 resistance level.
Conversely if the decline continues, the price opened up opportunities leading to the level of 1.4000 and 1.4058.
Prices shown on the graph H1 line MA05 and MA10 strong bullish conditions.
While the Stochastic indicator indicates there are still bullish opportunities are limited.