FOREX NEWS 05.05.

EURUSD moves below support on hourly chart.
May 5, 2009
The EURUSD has broken below the 100 hour moving average for the second time with a move to 1.3282. Short at 1.3206 level with a stop if the price closes above 1.3315. Looking for a close below 1.3306 to confirm…
EURUSD test support at 100 hour moving average
May 5, 2009
EURUSD tests 100 hour moving average at the 1.3306 level. A close on the hourlybelow the level will be bearish for the pair with a target of 1.3230.
EURUSD above support but below resistance in choppy trade
May 5, 2009
The EURUSD moved to new lows on the day reaching 1.3318 (old low was 1.3323). The price has rebounded off the low back up to the 1.3342 as action remains very choppy today. The pair has downside support against the 100…
USDJPY tests 100 hour moving average for the second time today.
May 5, 2009
USDJPY tests the 100 hour moving average at the 98.67 level. Last night the moving average was tested and the market bounced from the level. The market is wandering along.
GBPUSD resistance at 1.5081 being tested
May 5, 2009
GBPUSD being tested now at 1.5081 ( 100 bar moving average on the 5 minute chart). I expect resistance at the level;