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EURUSD OUTLOOK FOR THE WEEK OF MAY 14-18, 2012

No change in outlook for the week ahead, EURUSD will continue to move lower this week targeting 1.2826, 1.2623, 1.2420, 1.2294, 1.2192 and 1.2090 in the weeks ahead.  As to the upside,  look for 1.3082 to limit any upside attempts as above this level will take the nearterm pressure off the downside while the broad outlook needs to see a daily open and close above 1.3435 to turn the broad outlook to neutral.

  • Posted by adminfx
  • On May 14, 2012
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