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EURUSD Daily Forecast: May 10
Thursday, May 9, 2013 23:24
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EURUSD Forecast
The EURUSD had a strong bearish momentum yesterday after broke below 1.3150 bottomed at 1.3009. The bias is bearish in nearest term testing 1.3000 – 1.2950 key support area. A clear break and daily/weekly close below that area will turn my major technical outlook back to a bearish mode. Immediate resistance is seen around 1.3100. A clear break above that area could lead price to neutral zone in nearest term and keep price in sideways condition testing 1.3150.
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-may-10-4
