EURUSD Daily Forecast: May 06 2016
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.