EUR USD approaches from the target – Analysis - 01/10/2014
Economies.com
2014-10-01 05:06AM UTC
The EURUSD pair’s trading settled near 1.2600 after the sharp decline that appeared yesterday, which reinforces the chances of continuing the expected short term bearish trend, waiting to touch the main target at 1.2490.
In general, the bearish bias will remain valid and active as long as 1.2785 level remains intact, as breaching this level will motivate the price to attempt to achieve intraday gains that its main targets begin at 1.3010.
Expected trading range for today is between: 1.2490 support and 1.2700 resistance.
Expected trend for today: Bearish
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