| EUR/USD Analysis-June 02,2011 |
| Written by Praful Patat |
| Thursday, 02 June 2011 05:37 |
|
Yesterday EURUSD reversed from 50% (1.4454) of 1.4939 to 1.3967. EURUSD still in up trend zone, possible break of 1.4454 resistance for further going up side. EURUSD reversed from support 1.4337 toward 1.4567 resistance. If EURUSD will reverse from 1.4567-1.4691 area, extension is 1.3710-1.3374 area on long term. In EURUSD minor resistance is at 1.4456. Break of 1.4256 support next target will be 1.4214 on intraday. EURUSD break of 1.4567 strong resistance possible further move up side toward 1.4691 resistance. In EURUSD not break of 1.4256 support trend will be remain up trend. New High:1.4460, 1.4505, 1.4560 New Low:1.4253, 1.4197, 1.4076 |