Daily Forex Technical Forecast (May-19-2011)
EURUSD Forecast The EURUSD was indecisive yesterday, made a Doji on daily chart but overall still able to maintain its bullish intraday bias after found support around 1.4200 and hit 1.4305 earlier today in Asian session. The bias is bullish in nearest term testing 1.4338. A clear break above that area could open the door [...]
Written on May 19, 2011 | Posted in Forex | No comment
Daily Forex Technical Forecast (May-6-2011)
EURUSD Forecast The EURUSD had a huge bearish pullback yesterday after break below the range area, bottomed at 1.4509 and closed at 1.4557. The bias is bearish in nearest term testing 1.4450 support area which is the 23.6% Fibonacci retracement of 1.2873 – 1.4939, which also located around the lower line of the bullish channel [...]
Written on May 6, 2011 | Posted in Forex | No comment