Daily Forex Technical Forecast (May-13-2011)

EURUSD Forecast The EURUSD was volatile but indecisive yesterday. Price attempted to push lower, bottomed at 1.4123 but whipsawed to the upside, topped at 1.4276 but traded lower and hit 1.4183 earlier today in Asian session. The bias is neutral in nearest term with potential range area between 1.4250/80 – 1.4123. Since the failure of [...]