FX.co ★ EUR/USD Weekly For May 30th to the June 3rd / 2011

SHORT DESCRIPTION :

The EUR/USD is now trading in the Sideways situation between 1.4065 and 1.4441, this situation is confirmed by the flat slope of the 10 Weeks Simple Moving Avarage, and next week the pair will test the Resistance at the 1.4352. If it can break that level it will cause this pair to test the 1.4500 and if this level can be broken, it will be the sign of the Bullish situation, on the other hand if the pair cannot break the mark 1.4500 it will hold the Bullish situation for the EUR/USD and will make this pair enter the Sideways situation again.