Tuesday, May 10, 2011

Today's Market Outlook



EURUSD Remains under pressure, with loss of Friday’s low at 1.4314, to test 1.4250 support. Recovery attempt have so far been capped at 1.4375, as near-term studies favor further weakness and below 1.4250 to open 1.4200/1.4156. Hourly 20 day MA maintain near-term bears, with lift above to focus 1.4375 barrier.

No comments:

Post a Comment