EUR USD around the moving average 27/05/2013
Economies.com
2013-05-27 05:17AM UTC
The pair is hovering around the EMA50, keeping its stability below 1.2990, which represents the main factor that keeps the overall bearish trend scenario remains valid, while Stochastic shows oversold signals that might cause more fluctuation.
In general, we are waiting for bearish targets that are mainly located at 1.2725, pointing that breaching above 1.2990 will stop these expectations to turn the price track towards levels between 1.3145 followed by 1.3185
Expected trading range for today is between: 1.2800 support and 1.3000 resistance.
Expected trend for today: Bearish
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