EUR USD affected by the positive momentum – Analysis - 30/09/2014

Economies.com
2014-09-30 05:01AM UTC

 

 

 

The sideways still dominates the EURUSD pair’s trading, which remains stable below 1.2785 level, and as we mentioned in our previous reports, holding below this level keeps the bearish overview valid until now, and our next target is 1.2490.

 

The EMA50 continues to support the suggested bearish wave, noting that breaching 1.2785 level will push the price to recovery attempts that its targets begin at 1.3010.

 

Expected trading range for today is between: 1.2565 support and 1.2785 resistance.

 

Expected trend for today: Bearish

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