Ramon Ramirez Posted May 1, 2012 Report Share Posted May 1, 2012 (edited) Having been rising since yesterday’s European session low, at 1.3208, the EUR/USD kept on going till today and was just capped at 1.3278, almost 1-month high. Profit taking has thrown the pair down by 20 pips, to 1.3258. Deltastock analysts don’t expect much more upside from the EUR/USD. “The uptrend is still intact and yesterday's slide to 1.3210 support has proven to be a corrective one, so the focus is still set on 1.3290 dynamic resistanceâ€, wrote Stoyan Mihaylov, analyst at Deltastock.com, expecting a reversal below 1.3300 for a slide towards “the lower boundary of the prolonged range, at 1.30+â€. Edited May 1, 2012 by Ramon Ramirez Quote Link to comment Share on other sites More sharing options...
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