EUR/USD Morning Technical Report 24/7/2014
ecPulse
2014-07-24 07:00AM UTC
Despite the pair's weakness, the downside move is still ongoing and is currently moving towards the next technical target 1.3375 represented in 50% correction. The bearish possibility is valid supported by Linear Regression Indicators.
Stochastic and RSI are in oversold areas but are still moving deeply to the downside, as Stochastic is negative supporting our negative expectations today.
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