Tue, 03th of June, 2008

By Setyo Wibowo (analyst@fxinstructor.com)

EURUSD Outlook

After bottomed at 1.5486, the EURUSD made an upside movement and topped at 1.5588 yesterday. However, my bearish hourly channel is still valid, so my model remains short targeting 1.5450. Immediate support seen at 1.5486 (yesterday’s low). Initial resistance at 1.5600. CCI in neutral area on daily [...]