Technical Outlook for Major Currencies - May 9, 2012

Despite all the downside pressure in the Euro, the market still has yet to close below 1.3000 since January. We will be watching closely on Wednesday to see if the market can finally settle below the psychological barrier.

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DailyFX, the free news and research website of leading forex and CFD broker, FXCM, delivers up-to-date analysis of the fundamental and technical influences driving the currency and commodity markets. www.DailyFX.com Risk Disclaimer: http://www.dailyfx.com/page/risk_warning.html