Selasa, 10 Mei 2011

EURUSD Still Range Bound

Quote of the day: “Where there is much light, the shadow is deep.” -�Johann Wolfgang von Goethe
EURUSD – 1.4844 @07:13 GMT
Good morning.�Surprisingly (or not), EURUSD is still trading into the range which holds for 5 days now. Both lower and upper range limits, at 1.4770 and 1.4870 respectively, have provided strong barriers on each day. Tomorrow’s ECB Rate Decision and Press Conference are some of the most important events in the Economic Calendar this week, and would probably be bullish for the EUR as the ECB is strongly signaling that additional rate increases are likely this year, but at a Read More

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