EURUSD Analysis 2012.05.25

by Michael on May 25, 2012

[Forex | Euro vs US Dollar] It’s likely that EURUSD will decline. A break above (1.2630) could be a threat to the bearish scenario targeting (1.2737) even (1.2810). On the downside, immediate support is at (1.2495). Break below that area should keep the major bearish scenario intact testing (1.2390) areaShort positions are favored for today.

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