EURUSD Analysis 2012.05.17

May 17, 2012
By
Silver Gold Bull - Your Trusted Bullion Dealer

[Forex | Euro vs US Dollar] We see better value in short positions. If the price will go below the first support at (1.2681), this would confirm continuation of the bearish trend, towards next objective downwards (1.2604) then (1.2564) and (1.2524) will follow.You may try to sell from (1.2799), (1.2869), and (1.2911) with a stop loss above (1.2879).

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