EUR/USD intra-day lift stalls near hourly resistance
Monday, May 4, 2015 2:06 PM UTC
- Intra-day lift stalls near hourly resistance, bears emerge as lift repelled
- Market might be in sell rally mode, >1.1225 eases short-term bear pressure
- Friday's rejection ~76.4 Fib of 1.11534-1.0463 sees bear follow through today
- RSIs roll over & yield spreads widen a bit, bears have the edge for now
- The daily cloud top & Apr 30 low sit there, beyond that 1.0960/75 is support
- Support sits ~1.1105/15, if breaks next support is near 1.1065/75
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