| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
EURUSD Daily Forecast: May 07
Monday, May 6, 2013 22:35
% of readers think this story is Fact. Add your two cents.
EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.3054. The bias is neutral in nearest term. The H&S formation still suggests a bearish view but price has been moving sideways between 1.3160 – 1.3036 and need a clear break from the range area to see clearer direction this week. Immediate resistance is seen around 1.3095. A clear break above that area could trigger further bullish pressure testing 1.3135 – 1.3160. On the downside, a clear break and daily close below 1.3036 could trigger further bearish pressure testing 1.3000 – 1.2950 key support area.
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-may-07-3
