Forex: EUR / USD falls back to levels close to 1.4000

May 25, 2011 by Forex news  
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The EUR / USD takes the downward path after yesterday’s pullback

May 25, 2011 by Forex news  
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Yesterday the EUR / USD corrected upward peaking at 1.4132. In the Asian session today and we see him losing ground rose yesterday and is listed in these times 1.4024. On daily charts we can see that has broken down the lower trendline and has not been able to overcome the 1.4140 resistance zone, suggesting an intraday bearish forecast but will have to see how it behaves with 1.4000 key support, which will to be passed for the EUR / USD continues to fall. Therefore, yesterday’s correction has to be …


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