by Thu, 07 May 2009 11:51:53 +0200
Deltastock Daily Fx Analysis
May 7, 2009
Current level- 1.5118
The pair is in a broad corrective phase, after bottoming at 1.3506. Trading is situated between the 50- and 200-day SMA, currently projected at 1.4422 and 1.5896.
Our first target at 1.5172 was almost hit with recent high at 1.5163 and currently the pair is in a corrective phase, that is expected to be limited above 1.4978, before next leg upwards, to 1.5301.
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