EUR USD continues to rise 10/12/2013

Economies.com
2013-12-10 05:46AM UTC

The pair continued its positive trading reinforcing the continuation chances of our bullish trend expectations, which depend mainly on the return of the trading inside the bullish channel that appears in the above chart, and that encourages us to keep preferring more bullish bias in the upcoming period, waiting for testing the psychological barrier initially at 1.4000

 

The EMA50 supports the suggested bullish trend which remains valid unless 1.3695 was broken and settled below it.

 

Expected trading range for today is between: 1.3695 support and 1.3900 resistance.

 

Expected trend for today: Bullish

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