18 May 2012 06:37 GMT
EUR / USD: The market remains under severe pressure, and the focus now lies in a direct retest of 1.2625 at least January 2012. Although not ruled out that a test of this level in coming sessions, technical studies are short term oversold and show well the need for some form of corrective rebound, which is a new lower limit requested. Ultimately, however, any increase should now be very well covered by previous resistance at 1.3000 support, in favor of a further slowdown in the medium term, the deeper setbacks in the lower 1.2000 's projects
EUR / USD: The market remains under severe pressure, and the focus now lies in a direct retest of 1.2625 at least January 2012. Although not ruled out that a test of this level in coming sessions, technical studies are short term oversold and show well the need for some form of corrective rebound, which is a new lower limit requested. Ultimately, however, any increase should now be very well covered by previous resistance at 1.3000 support, in favor of a further slowdown in the medium term, the deeper setbacks in the lower 1.2000 's projects
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