Tuesday, May 18, 2010

EURUSD Market Thought 19052010

Another mini crash today. Last sessions EURUSD had/have problem to stay above EMA55 hourly chart.If this is a false breakout last low ( I don`t believe, just open a door) this pair have to hold above 1.2126.
Short-term range [1.2102,1.2126] is the last level to follow short-term.
Below 1.2102 next level 1.1750 i don`t see nothing more, and can be very fast.
Resistances; range [1.2247,1.2283] and 1.2334
Suport: 1,2151 and range [1.2102,1.2126
Bullish divergence last two lows chart 60 minutes, but for now I have to follow the trend.


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