Wednesday, May 28, 2014

Daily Technical Analysis

The EURUSD had a bearish momentum yesterday bottomed at 1.3587. The bias is bearish in nearest term testing 1.3550 – 1.3500. Immediate resistance is seen around 1.3610. A clear break above that area could lead price to neutral zone in nearest term testing 1.3650 but overall I prefer a bearish scenario at this phase.



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