EUR/USD Daily Technical Analysis 03 May 2012

Amy Forex

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Hi traders,

As we have expected yesterday in our market analysis the EUR/USD prices reached the target of 1.3156 level and it has continued its downward movement towards the 1.3132 level.

Today we expect it will rise slightly towards the 1.3180-1.3205 area ahead of economic data especially the unemployment rate in USA and the ECB meeting decisions.
However, if the prices breaches down the 1.3123 level, it will slip further to reach the main support level at 1.3050.

chart03.png


Good luck for all ;)
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