Tuesday, May 27, 2014

EUR/USD Mid-Day Outlook

Intraday bias in EUR/USD remains neutral as consolidation from 1.3612 temporary low continues. Near term outlook stays bearish as long as 1.3733 resistance holds. 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. Below 1.3612



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