EUR/USD Breaks 1.12850, decline till 1.1200 is possible
EUR/USD has broken 1.12850 and this confirms short term weakness , a decline till 1.1200 cannot be ruled out.
Intraday bullishness can be seen only above 1.13260 and above that level it can reach 1.13680/1.1380.
Market awaits Germa ZEW index which is to be released today for further direction
German ZEW economic expectations index is expected to drop to 49 in May from 53.3 in April.
It is good to sell on rallies around 1.12950 with stop around 1.13260 for the target of 1.12100.
Intraday bullishness can be seen only above 1.13260 and above that level it can reach 1.13680/1.1380.
Market awaits Germa ZEW index which is to be released today for further direction
German ZEW economic expectations index is expected to drop to 49 in May from 53.3 in April.
It is good to sell on rallies around 1.12950 with stop around 1.13260 for the target of 1.12100.