EUR/USD Breaks 1.12850, decline till 1.1200 is possible

FX:EURUSD   Euro / U.S. Dollar
387 2 4
EUR/USD             has broken 1.12850 and this confirms short term weakness , a decline till 1.1200 cannot be ruled out.

Intraday bullishness can be seen only above 1.13260 and above that level it can reach 1.13680/1.1380.

Market awaits Germa ZEW index which is to be released today for further direction

German ZEW economic expectations index is expected to drop to 49 in May from 53.3 in April.

It is good to sell on rallies around 1.12950 with stop around 1.13260 for the target of 1.12100.

very good
FxWirePro juancho.villalba.7
Thank you
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