Tuesday, May 10, 2011

EUR/USD Daily Outlook



Further decline is still mildly in favor in EUR/USD with 1.4440 minor resistance intact and current fall from 1.4938 could extend to 1.4157 cluster support (38.2% retracement of 1.2873 to 1.4938 at 1.4149). But downside should be contained there and bring rise resumption. Above 1.4440 minor resistance will flip bias

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