Tue, 20th of May, 2008

By Setyo Wibowo (analyst@fxinstructor.com)

EURUSD Outlook

Yesterday the EURUSD tried to push higher. The pair topped at 1.5632, 18 pips away from my 1.5650 long target. But the EURUSD could not maintain this bullish momentum and sharply decline and bottomed at 1.5487. My model remains long as both 1h and 4h bullish trend [...]