EURUSD Daily Forecast: May 18 2016

EURUSD Daily Forecast: May 18 2016

18 May 2016, 06:39
Roberto Jacobs
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EURUSD Daily Forecast: May 18 2016

EURUSD Forecast   

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.

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