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EURUSD Daily Forecast: May 29

EURUSD Daily Forecast: May 29
Thursday, May 29th, 2014 @ 1:39 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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EURUSD Forecast        

The EURUSD had a bearish momentum yesterday bottomed at 1.3587. The bias is bearish in nearest term testing 1.3550 – 1.3500. Immediate resistance is seen around 1.3610. A clear break above that area could lead price to neutral zone in nearest term testing 1.3650 but overall I prefer a bearish scenario at this phase.

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