Friday, May 30, 2014

EUR/USD Mid-Day Outlook

EUR/USD continues to lose downside momentum. But with 1.3668 minor resistance intact, deeper decline is still expected. Recent development suggests that the larger up trend has completed at 1.3993 on bearish divergence condition in daily MACD, with break of channel support. Deeper fall should be seen to 1.3476 key support



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