EUR/USD Morning Technical Report 22/1/2014
ecPulse
2014-01-22 07:43AM UTC
The upside move of yesterday remained limited below the negative Linear Regression Indicators. MACD is trading below the zero line, as the pair broke the key support level of the ascending channel as showing on graph.
Therefore, we think the possibility of a bearish return is valid today depending on two conditions, first is breaching 1.3625 and the second is consolidating below 1.3520 to cancel the possibility of acting to the positive signals on Stochastic.
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