Week 21 0f 2010 (Apr 05 – Apr 09)

EURUSD


EURUSD is taking continuous dip and the momentum seems to stay but the only thing that seems to stop this at the moment is the low RSI value and it might push EURUSD towards 1.2600 region and this will provide some really good selling opportunities for the trades looking to sell EURUSD again. The retracement can extend as much as above 1.3000 level but again long term traders will keep selling around that level to target EURUSD below 1.2500 level.



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