EURUSD Daily Forecast: May 18 2016
The EURUSD had another indecisive movement yesterday. The bias remains bearish in nearest term testing 1.1200 region. Immediate resistance remains around 1.1350. A clear break above that area could lead price to neutral zone in nearest term testing 1.1400 region but only a clear break back above 1.1450 – 1.1500 would be a serious threat to the shooting star bearish scenario. Fundamental focus will be on the FOMC Meeting Minutes.