FX.co ★ EUR/USD Weekly For May 23rd to 27th / 2011

SHORT DESCRIPTION :

Last week the EUR/USD failed to hit the mark 1.4000, as We know this level is the Major Large Quarter Level, this pair is back to the upside to test the 1.4250 level but after it hit these levels the EUR/USD came back to the downside. The next whole week this currency will have a potential chance to test the mark 1.4000. If it can break this level, it will bring the EUR/USD to test again the 1.3925 level. On the other hand, this pair has a chance to remain on the 1.4250 level, if this level can be broken, the 1.4500 will be the next target .