Wednesday, June 1, 2011

EURUSD Morning Update 6/01 7:06AM CST 6/1

(Chart 1 EURUSD Daily Chart Zoom)
(Chart 2 EURUSD Daily Chart)

Euro up against bottom of its trading range (14425) and the 50% of its may 4th high to May 23rd low (14444).

Halfway through the session we have formed a shooting star right off of this resistance cluster.

I think the short game is still in play unless we close over 14500.

See my previous EuroUSD post from the weekend HERE for aditional color.

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