EURUSD Daily Forecast: May 11
EURUSD Forecast
The EURUSD was indecisive last week. The bias is neutral in nearest term probably with a little bearish bias testing 1.1140 support area. I still prefer a bullish scenario at this phase but a clear break and daily close below 1.1140 could trigger further bearish pressure testing 1.1040. Immediate resistance is seen around 1.1285. A clear break above that area could trigger further bullish pressure testing 1.1350 or higher.
Source: http://www.fxinstructor.com/blog/eurusd-daily-forecast-may-11-4
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