I have been talking about this level for what seems like forever now, and it has finally been pierced and moved below. However, we still see the bulls fighting in the area, and it simply won’t roll over and die at this point. However, as this fight drags on, you can see that prices are drifting lower. This leads me to believe that this pair will eventually capitulate. For the full analysis click here- http://www.dailyforex.com/forex-technical-analysis/2012/05/EURUSD-Daily-Outlook-May-9-2012/12111
