Forex: EUR/USD dips further and test 1.2350

May 20, 2010

FXstreet.com (Córdoba) – EUR/USD is back below 1.2400 and moving away from daily highs at 1.2433. The Euro is weakening on a renewed risk aversion session.

The pair peaked at the beginning of the day but quickly tumbled. Euro has given away almost 80 pips so far and it is currently testing the 1.2350/60 support zone and 23.6% retracement from yesterday’

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posted in Forex News by admin

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