Tue, 13th of May, 2008

By Setyo Wibowo (analyst@fxinstructor.com)

EURUSD Outlook

Yesterday the Greenback suffered huge losses. EURUSD topped at 1.5569, 34 pips higher than my 1.5525 target. My model remains long. Immediate support seen at 1.5480 area. Initial resistance at 1.5595 area. CCI in neutral zone on daily chart.

EURUSD Daily Supports and Resistances:

S1= 1.5413

S2= 1.5287

S3= 1.5209

R1= [...]