Thursday, May 5, 2011
EUR/USD Mid-Day Outlook
EUR/USD's sharp break of 1.4754 support indicates that a short term top is formed at 1.4938 after hitting upper channel resistance, on bearish divergence condition in 4 hours MACD and RSI. Intraday bias is flipped back to the downside for 1.4492 support and possibly further lower channel support (now at
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