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EURUSD Daily Forecast: May 09
Wednesday, May 8, 2013 21:51
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EURUSD Forecast
The EURUSD had a bullish momentum yesterday topped at 1.3193. This fact interrupts the H&S bearish scenario. The bias is bullish in nearest term testing 1.3200 – 1.3240 key resistance area. Immediate support is seen around 1.3150. A clear break below that area could lead price to neutral zone in nearest term testing 1.3100 which may keep short term outlook in a sideways mode. My major technical outlook remains neutral.
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-may-09-3
