EURUSD Analysis 2012.05.03

by Michael on May 3, 2012

[Forex | Euro vs US Dollar] The EURUSD bias is neutral. Upper barrier is at (1.3293), break above that area could trigger further short term upside pressure testing (1.3263). On the downside, the important price level at (1.3111) may be tested or broken in the coming sessions, which may pull the pair towards (1.2985 – 1.2934).We should wait for a clearer outlook on EURUSD.

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