EURUSD held important support at 1.3740/35 & stabilised, being oversold short term. A good chance still we can recover from here today up to
EURUSD Daily Forecast - 13 May 2014EURUSD held important support at 1.3740/35 & stabilised, being oversold short term. A good chance still we can recover from here today up to resistance at 1.3795/1.3800. Watch for a high for the day here to exit longs & try shorts with stops above 1.3820. Go with a break higher then using 1.3800/1.3795 as support & look for a move towards 1.3835/40.
Longs from important support at 1.3740/35 to hold the downside again today, but longs need stops below 1.3720. Go with a break lower then for the next downside target of 1.3695/90 & possibly as far as good support at 1.3580/75.
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