EUR USD opens with sharp bearish gap 18/03/2013
Economies.com
2013-03-18 05:25AM UTC
The pair opened this week trading with a big price gap to the downside, to be trading now at 1.2900, and in spite of the last week’s close above the bearish channel that appears in the image, we need to stay aside today, to be certain from the price behavior according to 1.2990.
Note that the cover rule of the price gaps might push the price towards 1.3075, especially that Stochastic is entering the oversold areas.
Expected trading range for today is between: 1.2800 support and 1.3075 resistance.
Expected trend for today: Neutral
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