forex trading outlook today - Daily EUR-USD prediction may 25 2012 : EUR/USD is up at session highs 1.2547 while Obama is giving a speech in Iowa. The pair is bouncing on some strength from session lows at 1.2525, presumably according to Bloomberg on Mario Monti's words saying is very possible Greece remains in the EZ, and the eurobonds will finally materialize. As last,
EUR/USD is clearing Wednesday's lows around 1.2544, still lower by -0.35% since previous
Asia-Pacific open yesterday, and -1.77% for the week.
the hourly chart shows price steady still under pressure. Indicators hold in bearish territory while 20 SMA gives dynamic resistance around 1.2560, adding: "In bigger time frames, the pair is also biased lower, suggesting more slides are still to be expected; while the 1.2500 level will likely be defended, a break lower will expose an approach to the 1.2410 level next strong support in line."
Support levels are seen at: 1.2515 1.2465 and 1.2410,
while resistance levels: 1.2560 1.2590 and 1.2620.
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