EURUSD Analysis 2012.06.05

by Michael on June 5, 2012

[Forex | Euro vs US Dollar] We see better value in short positions. If the price will go below the first support at (1.2461), this would confirm continuation of the bearish trend, towards next objective downwards (1.2366) then (1.2323) and (1.2220) will follow.We will be looking to sell EURUSD upon any price retracement.

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