EUR USD attempts positively 07/01/2014
Economies.com
2014-01-07 06:03AM UTC
The pair showed positive trading yesterday to step above 1.3620 level and settles above it, which forces us to stop our intraday bearish overview temporarily, after the price found solid support at 50% Fibonacci level for the bullish wave that appears on the image, which might offer signals to stop this bearish correction.
Stochastic and the EMA50 provide negative signals now, and the contradiction between the technical factors makes us stay aside temporarily in order to monitor the price behavior according to 1.3620 support and 1.3690 resistance to get clearer confirmation signals for the next trend.
Expected trading range for today is between: 1.3505 support and 1.3740 resistance.
Expected trend for today: Neutral
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