EURUSD Daily Forecast: May 06 2016

EURUSD Daily Forecast: May 06 2016

6 May 2016, 04:53
Roberto Jacobs
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EURUSD Daily Forecast: May 06 2016

EURUSD Forecast

The EURUSD had a bearish momentum yesterday bottomed at 1.1385. The shooting star formation I showed you on Wednesday gave us a valid signal of a bearish pullback. The bias is bearish in nearest term testing 1.1275 region. Immediate resistance is seen around 1.1450. A clear break above that area could lead price to neutral zone in nearest term testing 1.1500 region.

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