Tue, 06th of May, 2008

By Setyo Wibowo (analyst@fxinstructor.com)

EURUSD Outlook

The Euro was recovered from it’s losses against Dollar yesterday, topped at 1.5519 and closed at 1.5498. Although further upside correction moves might happen again today, my model remains short. Immediate support seen at 1.5460 followed by 1.5420. Initial resistance at 1.5560 area.

EURUSD Daily Supports and Resistances: [...]