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May 29 market commentary and technical levels

From news_archive.php?id=88888

[B]EURUSD Outlook[/B] The Greenback continued it's gain against Euro yesterday, but with less power. However, my model is short, targeting [B]1.5550[/B] area. [B]EURUSD [/B]need to stay below support level [B]1.5610[/B] to keep this short term bearish momentum intact. Remember that the major trend of [B]EURUSD[/B] is up, so we must see this bearish momentum as a correctional move. Immediate resistance seen at [B]1.5695[/B] area followed by [B]1.5750[/B]. [B]CCI[/B] in neutral zone on daily chart. [B]EURUSD Daily Supports and Resistances: [/B] S1= [B]1.5582[/B] S2= [B]1.5518[/B] S3= [B]1.5429[/B] R1= [B]1.5735[/B] R2= ... (full story)

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