The EURUSD didn't make significant movement yesterday. Earlier today in Asian session, price struggling around 1.2260 support area as you can see on my h1 chart below indicating critical intra-day technical phase. The major scenario remains to the downside but we need a consistent move below 1.2260 to continue the bearish pressure testing 1.2140/50 area before targeting 1.2000. A failure to do so could open the door for another upside pullback testing 1.2350 even 1.2450/70 region.
FX Crunch is a site all about the foreign exchange market we are developing our site with blog,forum and many other Automatic systems and after that it will be a perfect site for trader where you can get everything which are important for traders… It includes and will include: tutorials, basics of the forex market, daily and weekly forex analysis, technical analysis, forex software posts,Indicators,Forex strategy, and whatever is related to Forex.
Monday, May 31, 2010
EUR/USd Daily Technical Analysis (June-01-2010)
Labels:
bearish,
Daily Technical Forecasts,
down,
Eur,
pressure,
Technical Analysis,
up,
Usd
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment