Wednesday, 9 May 2012

Forex: EUR/USD extends losses on Spain

With Euro Falling sharply Since the early Hours-Going as Low as 1.29661 All the data Show The same all week a Weak Euro-Time to Short it-Heading for new Lows For Sure.
Check Out the data-See below
 EUR/USD is now losing 0.17% at 1.2970 with the next support levels located at 1.2956 (low May 7) ahead of 1.2954 (61.8% of 1.2624-1.3487) then 1.2931 (low Jan.25) y 1.2900
On the upside, a breakout of 1.3067 (hourly high May 8) would expose 1.3073 (high May 7) then 1.3080 (low May 4) and 1.3117 (MA100d).



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