Daily Forex Technical Forecast (May-16-2011)
EURUSD Forecast The EURUSD continued its bearish momentum on Friday, bottomed at 1.4065 and hit 1.4047 earlier today in Asian session. The bias remains bearish in nearest term testing 1.4000 key support area. A clear break below that area could trigger further bearish pressure testing 1.3800 – 1.3700 area this week. Immediate resistance at 1.4123 [...]
Written on May 16, 2011 | Posted in Forex | No comment