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 Will EURUSD Finally Break Below 1.4150 on Eurozone GDP and US CPI?

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PostSubject: Will EURUSD Finally Break Below 1.4150 on Eurozone GDP and US CPI?   Thu May 19, 2011 1:32 am

Will EURUSD Finally Break Below 1.4150 on Eurozone GDP and US CPI?






Thursday's session saw a bounce
in risk trends and the euro which would curb momentum in the building,
bearish trends. EURUSD is still backed by a bearish bias; but follow
through may require fundamental jump start. It just so happens that we
have European 1Q GDP figures and the US CPI numbers through the final
session of the week; but is that enough to lead us to a new short
position?.

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