EUR USD is facing more decline – Analysis -23/10/2014
Economies.com
2014-10-23 05:23AM UTC
The EURUSD pair settled below the minor bullish channel’s support, to complete forming a bearish continuation fag pattern that supports the chances of the negative pressure return on the intraday basis, therefore, the price in its way to visit 1.2490 areas mainly.
Stochastic heads towards the downside to support the expected decline, which remains valid unless breaching 1.2785 then 1.2880 levels and holding above it.
Expected trading range for today is between: 1.2490 support and 1.2730 resistance.
Expected trend for today: Bearish
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