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Buy EUR/USD at 1.2270

09:10 AM.

Signal EUR/USD

  • BUY EUR/USD @ 1.2270
  • TP 1.2320
  • SL 40 pip
  • Close hit SL -40.
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June 1st, 2010 by fxbom
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Looks Euro Weakens, But Still Restricted Movement

In currency trading the Asian session today (01-06), look euro currency weakened against the U.S. Dollar. Pair EUR/USD is currently engaged in the range of 1.2268.

European efforts in shrinking the budget deficit would hamper the economic recovery is feared the euro zone. Fitch Ratings recently lowered credit rating has been Spanish for some reason, so the global sentiment towards the euro zone is still negative at this time.

Currently, the euro still looks sideways movement, but the outlook remains bearish. Both technical, Euro is expected to weaken still more likely to support a range of 1.1800 to the nearest current in the range of 1.2140.

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June 1st, 2010 by fxbom
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