May 17, 2012 07: 14 GMT
EUR/USD: the market remains under intense pressure and for the moment emphasis is squarely on an expectation of 2012 January to 1.2625 depressions. While us would not rule out the possibility of a test that level in the next few sessions, technical studies in the short term are well survendus and express a need to form any corrective rebound from which a low high costs is sought. Ultimately however, rallies should now be very well capped by given 1.3000 to low resistance additional medium-term projects of setbacks more deeply in the 1.2000 lower support.
EUR/USD: the market remains under intense pressure and for the moment emphasis is squarely on an expectation of 2012 January to 1.2625 depressions. While us would not rule out the possibility of a test that level in the next few sessions, technical studies in the short term are well survendus and express a need to form any corrective rebound from which a low high costs is sought. Ultimately however, rallies should now be very well capped by given 1.3000 to low resistance additional medium-term projects of setbacks more deeply in the 1.2000 lower support.
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