May 15, 2011

Weekly Currency Forecast for 15–20 May, 2011

$EURUSD
Pair broke the trend line from June 2008 and it is more likely to continue it’s way downwards. The levels that price will reach are: 1.4050, 1.4009, 1.3935, 1.3863, 1.3800 and lower. The strongest levels those may oppose are 1.40, 1.39 and 1.38, in this level may be correction of the price.
(Current Price: 1.4105)

EURUSD

$GBPUSD
$GBP couldn’t break through the level 1.6739 and rashly started falling down. It is more likely to go downwards after a little correction  to levels: 1.6162, 1.6100, 1.6020, 1.5978 and maybe lower. But there are strong supports in 1.60 and 1.59, in this levels price will go up a little and then continue its fall.
(Current Price: 1.6189)
GBPUSD

AUD/USD
No Comment
USD/JPY
No Comment
USD/CHF
No Comment
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2 comments:

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