EURO (EUR), Daily Review, May 12th 2010

on May 12 2010 6:34 AM

The Euro declined versus the Dollar on more concerns the 1 trillion Dollar loan package won't end the region's spreading debt crisis. Overall, EUR/USD traded with a low of 1.2622 and a high of 1.2803. EUR/USD main trend is downwards. Oversold Daily RSI conditions could suggest a retracement is near. Today, German Prelim GDP is expected unchanged with 0%. .

EUR/USD - Last: 1.2655

Resistance

1.2750

1.2805

1.2900

Support

1.2600

1.2520

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