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daily chart of EUR/USD of 19/05/2014
After the sell-off following the ECB conference, with 2 days of consolidation the monetary unit is finally beginning to realize some support. The key low at $1.3647 has however to be tested once more as momentum indicators begin to flatten off. The monetary unit is additionally forming the support round the a hundred and forty four day moving average, that is around wherever the last four huge corrections have designed from, thus there's some hope for the bulls. However, there's abundant overhead resistance within the method of a recovery for the monetary unit and this current worth action contains a look of simply another lower high being shaped
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