EUR/USD Forecast May 21, 2013, Technical Analysis

The EUR/USD pair had a fairly strong showing during the session on Monday, as we bounced from the 1.28 support region. Because of this, we may see a bit of strength in the Euro going forward, but certainly will find the 1.30 level as being somewhat resistant. Because of this, we feel that the short-term trend is going to be positive, but eventually we should get a selling opportunity closer to that 1.30 level. At this moment in time, we are flat of this marketplace, but will look to sell on the right resistive candles.

 

EUR/USD Forecast May 21, 2013, Technical Analysis

Written by FX Empire