Daily Forex Analysis – May 17, 2012
\EURUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.3283, and the fall extends to as low as 1.2681. Another fall to test 1.2624 (Jan 13 low) support could be seen after a minor consolidation. Key resistance remains at the downtrend line, only a clear break above the trend line resistance could signal completion of the downtrend…












