EUR USD faces the moving average again 12/03/2013
Economies.com
2013-03-12 06:02AM UTC
The pair offered positive trading yesterday and stopped at the EMA50 which acts as an intraday resistance barrier at 1.3055, and the price need to surpass this level to achieve the next target at 1.3145
In general, we will keep our intraday bullish trend expectation, pointing that breaching above 1.3145 will lead to retest the previously broken bullish channel’s support which turns now into resistance at 1.3285
Expected trading range for today is between: 1.2900 support and 1.3200 resistance.
Expected trend for today: Bullish
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