EURUSD Daily Forecast: May 11 2016

EURUSD Daily Forecast: May 11 2016

11 May 2016, 06:36
Roberto Jacobs
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EURUSD Daily Forecast: May 11 2016

EURUSD Forecast   

The EURUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.1275 – 1.1200 region as a part of the shooting star bearish scenario as you can see on my daily chart below. Immediate resistance remains around 1.1430. A clear break above that area could lead price to neutral zone in nearest term testing 1.1475 – 1.1500 region.

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