EUR/USD Technical Analysis for May 12, 2011

The EUR/USD fell again today, but this time broke through some of the previous support that had been holding the market up. 1.42 did hold however, and might be a bit of a “last stand” for this currency for the time being. If this level holds, you could go long with really tight stops. If it gives way – look out below!

Written by ForexMansion.com