Analysis EUR / USD: probable pullback
May 7, 2010 by Forex news
Filed under Forex, Forex news, Uncategorized
During yesterday’s sessions the pair euro – dollar continued its downward momentum, closing the day at 1.2619. In the Asian session has had a corrective movement within those times 1.2680. The short term trend is neutral and we can anticipate an upward correccción after a large fall. Apart from this potential bullish correction, the main trend is bearish and the next support level to overcome the 1.2550 area – 1.2520. A break in this area will continue bearish movements to targets 1.2450 and 1.2300 from a long-term view….
