EUR/USD resumed falling

Market news

12 May 2011

EUR/USD resumed falling

EUR/USD failed to back above $1.4200 and resumed decline, currently holding near session lows on $1.4172. Break under stops zone $1.4168 seen taking rate down to $1.4164. Heavier stops noted below $1.4160, which could allow rate to push through expected support in the $1.4155/45 area.

USD/JPY under pressure

FTSE -1.14% 5,908, CAC -1.36% 4,003, DAX -1.50% 7,383

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