Yesterday May 4, EURUSD kept sliding, breaking through the psychological level at 1.3000. The unit found support at 1.2931 today May 5 in the early European session. Investors would focus on Portugal and Spain even if Greece is bailed out. So, EURUSD bearishness might remain,



Despite the sharp falls in DJIA (-225.06 points) and the yen crosses, USD/JPY remained above 94.00 level. (did not break 95.00 resistnace though)



I keep adding long USD/JPY positons when i see… Continue

According to Reuters news, Yen weakened in the early European session after the release of a draft document by Japanese ruling party defending the need for a weaker Yen and easy monetary policy.



The unit bounced at 92.54 and moved up to 93.41. Technically speaking, the unit looks heavy though. Let's keep an eye on it, Leye on it. we have US trade balance. …

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