Monday, June 2, 2014

EUR/USD Daily Outlook

Intraday bias in EUR/USD remains neutral for consolidations above 1.3585 temporary low. Current development is favoring the case of trend reversal on bearish divergence in daily MACD. Below 1.3585 will target 1.3476 key support for confirmation of this bearish case. However, break of 1.3733 will dampen this view and bring rebound first.



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