Week ahead (6-12.5.2013) – EURUSD

EURUSD is still in a bullish territory (from longer time frame perspective) despite the news from last week. The pressure is ON again and market is signaling signs of possible breakout lower (through recent price action jumps and lower highs creation). Having said that, I am going to look for LONGS as long we can stay and close above 3030’s. The ultimate bearish signal would be of course close below 2970’s on a daily charts.

Have a great trading week.

lechiffre