EUR USD breaks the channel 19/12/2013
Economies.com
2013-12-19 04:58AM UTC
The pair declined strongly yesterday affected by the US federal bank decisions, to finish the trading below the bullish channel’s support and below the EMA50, opening the way towards a preferred negative trading for today, which its targets begin at 1.3620 and extend towards 1.3505 when breaking the previous level.
Note that the current decline is considered as a bearish correction for the last bullish wave, while breaking 1.3505 will cause a critical turn in the short term trading towards the downside.
Expected trading range for today is between: 1.3505 support and 1.3750 resistance.
Expected trend for today: Bearish
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