Tuesday, June 3, 2014

Daily Technical Analysis

The EURUSD had another insignificant movement yesterday. Price has been moving sideways between 1.3585 – 1.3650. The bias remains neutral in nearest term but overall I still prefer a bearish scenario at this phase with nearest target seen around 1.3500. On the upside, a clear break above 1.3650 could trigger further bullish pressure testing 1.3700/20.



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