EUR USD is stable 11/02/2013

The pair opens this day and week’s trading with sideways fluctuating settling below 1.3400, and as long as the price remains below 1.3485, the bearish bias will be preferred on the intraday basis to visit 1.3270.

EMA50 is pushing negatively on the intraday trading, while Stochastic is providing positive signals that stop the bearish bias temporarily.

Note that the expected bearish bias is temporary, where the trading remains organized inside the main bullish price channels which appear in the image.

Expected trading range for today is between: 1.3250 support and 1.3470 resistance.

Expected trend for today: Bearish