Thu, 01th of May, 2008

By Setyo Wibowo (

EURUSD Outlook

Yesterday EURUSD made a minor recovery after suffered sharp losses from 23/04/2008. But this recovery may means something significant from technical view. The pair bottomed at 1.5516. On daily chart, this fact is seen as a double bottom formation with 03/04/2008 low at 1.5510 (see Chart #1). [...]