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EURUSD Daily Forecast: May 14
Tuesday, May 14, 2013 1:24
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EURUSD Forecast
The EURUSD attempted to push lower yesterday bottomed at 1.2940 but whipsawed to the upside and hit 1.3025 earlier today. The bias is neutral in nearest term. Important range to be closely watched is seen between 1.3050 – 1.2940/35. I still prefer a bearish scenario at this phase but a clear break and daily close above 1.3050 could trigger further bullish pressure testing 1.3100 area. Immediate support is seen around 1.2965. A clear break below that area could trigger further bearish pressure testing 1.2940/35 which needs to be clearly broken to the downside to confirm further bearish scenario testing 1.2900 – 1.2850 region.
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-may-14-3
