Technical Analysis EUR / USD May 8, 2013
Bias Daily EUR / USD remains neutral (sideway) for now. During untouched 1.2954, rebound from 1.2746 is still support to continue and break will target 1.3342 1.3242 (61.8% retracement of 1.3710 to 1.2746). However, a break of 1.2954 will indicate that such rebound has completed and retest on 1.2746 at the same time completing the rebound from 1.2746 in three wave corrective structure and have a larger bearish implications.
Technical Analysis USD / JPY May 8, 2013
Intraday bias remains neutral (sideway) for the moment and consolidation from 99.94 could extend further. Break 97.95 (minor support) would bring further fall. But the downside was conceived by 95.74 and bring rebound. Break of 99.94 will target 104.65 (161.8% projection of 77.13 to 96.70 from 92.56).
