EUR USD attempts to keep ground 11/03/2013

Economies.com
2013-03-11 05:38AM UTC

The pair made some attempts to break below the critical support 1.2990, but it settled with a daily close above it, accompanied with Stochastic entering the oversold levels, which makes us expect positive trading for today, targeting testing 1.3060 followed by 1.3145, and always be aware that breaking 1.2990 and holding below it will open the way for more downside track which will head mainly towards 1.2720.

 

Expected trading range for today is between: 1.2900 support and 1.3145 resistance.

 

Expected trend for today: Bullish

 

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