EUR USD below the critical support 19/03/2013
Economies.com
2013-03-19 05:21AM UTC
The pair retested 1.2990 yesterday, and remained settled below it, while it approaches from covering the price gap that appears with this week opening.
The stability below 1.2990 makes the negative pressure continues on the intraday trading, besides the trading inside the bearish channel that appears in the image, and Stochastic negativity, which makes us suggest negative trading for today, targeting 1.2800, taking into consideration that breaching 1.2990 – 1.3000 will open the way for turning the intraday and short term trading to the upside.
Expected trading range for today is between: 1.2800 support and 1.3075 resistance.
Expected trend for today: Bearish
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