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EURUSD Daily Forecast: May 15
Wednesday, May 15, 2013 0:09
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EURUSD Forecast
The EURUSD had a bearish momentum yesterday bottomed at 1.2911. As you can see on my daily chart below price is moving back below the EMA 200 suggests that the major bearish scenario after broke below the bullish channel is now back on track. The bias is bearish in nearest term testing 1.2900 – 1.2850. Immediate resistance is seen around 1.2950/60. A clear break above that area could lead price to neutral zone in nearest term testing 1.3000 but any upside pullback now is normal and should be seen as a good opportunity to sell.
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-may-15-2
