EUR USD crawls towards the support line 18/02/2013
Economies.com
2013-02-18 05:31AM UTC
The pair shows sideways trading with some bearish bias which is affected by the negative signals of Stochastic, where we still waiting for hitting the bullish channel support that appears in the image at 1.3280 before attempting to curve higher again.
Note that breaking the mentioned support will open the way for heading towards 1.3145, while breaching above 1.3440 will push the price to the upside to resume the bullish trend again.
Expected trading range for today is between: 1.3200 support and 1.3440 resistance.
Expected trend for today: bearish towards the mentioned targets
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