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EUR/USD Analysis-May 30,2011
Monday, 30 May 2011 04:51

Yesterday: Open 1.4135 High 1.4310 Low 1.4124 Close 1.4293 : Still Remain Bullish, Sharp Correction Alert

Since trading began yesterday's Asian session Friday, the Euro storng bullish movement until it reaches the first resistance level is at 1.4256. Since then the movement of the Euro range in the area until the diagonal trend line resistance level is 1.4256 even reached the highest level daily at 1.4310.

Currently, Euro look is still bullish.

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

20110530_eur

ila has increased the price continues to open opportunities to the 1.4388 resistance level.

Conversely if the decline continues, the price of open opportunities to the 1.4201 level.

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

While the Stochastic indicator indicates there is still bullish if still above the trend line diagonal.