EUR USD is stable – Analysis - 30/01/2015
Economies.com
2015-01-30 05:37AM UTC
The EURUSD pair shows sideways trading around 1.1300 level, keeping its stability in general below 1.1415, which keeps the negative pressure valid on the short term and medium term basis, waiting to resume the main bearish wave that its next target located at 1.1000.
Stochastic loses its bullish momentum gradually to support the expectations to decline, noting that breaching 1.1415 level will offer a key to turn the intraday trading to the upside, and a potential visit for areas that begin at 1.1675 and extend to 1.2040.
Expected trading range for today is between: 1.1200 support and 1.1415 resistance.
Expected trend for today: Bearish
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