Week ahead (13-21.5.2013) – EURUSD

And here we are. EURUSD is now slowly entering into a bearish territory. Starting the week I would expect some bounces back towards 3050’s and then reattacking recent lows. If the pressure stays between 2950’s and 3050’s, we are most likely going to see 2800 to print. So going into the week, look out for daily close below 2970’s. If that happends, there is a higher probability of seeing new lower lows.

Have a great trading week.

lechiffre