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