Monday, May 23, 2011

EURUSD Future (EU6) Daily Chart 5/23 12:15PM CST

Having gone on a 2 day free fall reminiscent of the first half of 2010, the Euro now is flirting with the 1.39 level, which should provide significant support (middle of current bullish channel, 100 day VWAP (yellow), 50% of YTD rally)

A further breakdown from here could look to test 1.3550 level

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