EUR USD inside a minor bearish pattern – Analysis - 16/09/2014
Economies.com
2014-09-16 05:20AM UTC
The EURUSD pair continues to fluctuate within sideways and tight range, and by taking a deeper look on the recent trading, we find that the price is confined inside a minor rising wedge pattern, this pattern supports the continuation of the bearish trend overview, and the price needs to break 1.2920 to confirm activating of this negative pattern’s effect.
Therefore, we continue to suggest the bearish trend for the upcoming period, and the next target at 1.2785, while achieving it requires holding above 1.3010.
Expected trading range for today is between: 1.2800 support and 1.3010 resistance.
Expected trend for today: Bearish
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