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  1. EUR/USD Forecast Review 28 May 12

    by , 05-27-2012 at 10:45 AM
    [B]Simultaneous Release at
    TheGeekKnows.com Read exclusive [URL="http://thegeekknows.com"]EUR/USD Forecast[/URL] Reviews.
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    Good day forex traders.

    In the previous EUR/USD forecast we noted a late week bullish correction to test the 1.28 region. Having said so, the bearish momentum remained strong and the test of 1.26 remained a possibility. Risk aversion was indeed strong and the S&P 500 had since dropped a fair bit. Nothing encouraging was coming out of the Euro Zone for now.

    [B]Technical Analysis [/B]

    Looking at the EUR/USD chart, we noted that 1.26 was hit. I LOVE IT WHEN MY TARGETS WORK! fanfare fanfare

    SMA 20 = Bearish
    SMA 50 = Bearish
    ...
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