EUR USD in sideways range 12/02/2013
Economies.com
2013-02-12 04:48AM UTC
The pair trades in sideways range settled below 1.3400, while Stochastic moves near the overbought levels, where EMA50 continue its bearish pressure on the intraday trading.
Therefore, the bearish trend expectations remain valid and active, and the target rises today to reach 1.3280, taking into consideration that breaching above 1.3425 will provide positive motive that push the price directly towards levels that surpass 1.3500 and followed by stopping the suggested bearish scenario.
Expected trading range for today is between: 1.3250 support and 1.3470 resistance.
Expected trend for today: Bearish
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