EUR/USD Morning Technical Report 25/7/2014
ecPulse
2014-07-25 07:44AM UTC
The pair fluctuated heavily and tended slightly to the upside, but this upside move remained limited below the resistance (previously broken support) 1.3525. Trading below 1.3525 represented in 38.2% correction keeps our expectations of extending the downside move, and trading below it favors further bearishness towards 50% correction at 1.3375.
Linear Regression Indicators support the possibility of extending the downside move, while trading below 1.3455 puts further pressure on the pair intraday today.
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