EURUSD Analysis 2012.05.21

by Michael on May 21, 2012

[Forex | Euro vs US Dollar] We believe that possible bearishness could be seen during this trading session. Immediate resistance is at (1.2795). Close above that area could lead us to neutral zone as direction would become unclear, but as long as price moves below that level the major scenario remains bearish.We will be looking to sell EURUSD upon any price retracement.

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