Tuesday, May 5, 2015

eur/usd finally go uptrend

The EURUSD had a sell momentum yesterday bottomed at 1.1121 point. I still prefer a buy scenario at this phase but the bias is sell in nearest term testing 1.1100 – 1.1040 point support area. Immediate resistance is seen around 1.1180point . A clear break above that area could lead price to neutral zone in nearest term testing 1.1235/50 point region.

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