EURUSD: While the euro may have halted its corrective weakness and closed marginally higher the past week, it remains vulnerable to the downside nearer term. Its Friday sell off reversing most of the weekly gains is suggestive of a return below the 1.4046 level, its May 16’2011 low with a break of that level calling for further weakness towards the 1.4020/00 levels, its mar 28’2011 low/psycho level. Further down, the 1.3852 level comes in as the next downside target. Its weekly stochastic is bearish and pointing lower suggesting further weakness. Guest post by www.fxtechstrategy.com Alternatively, on a violation of 1.4339 level and the 1.4422 level, further strength should build up towards its May 06’2011 high at 1.4586 and ultimately the 1.4938 level, its 2011 high. All in all, though attempting a recovery, the pair remains vulnerable to the downside nearer term. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next AUD/USD Outlook – May 23-27 Yohay Elam 12 years EURUSD: While the euro may have halted its corrective weakness and closed marginally higher the past week, it remains vulnerable to the downside nearer term. Its Friday sell off reversing most of the weekly gains is suggestive of a return below the 1.4046 level, its May 16'2011 low with a break of that level calling for further weakness towards the 1.4020/00 levels, its mar 28'2011 low/psycho level. Further down, the 1.3852 level comes in as the next downside target. Its weekly stochastic is bearish and pointing lower suggesting further weakness. Guest post by www.fxtechstrategy.com Alternatively, on a violation of 1.4339… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
