EUR USD remains stuck 01/07/2013
Economies.com
2013-07-01 05:17AM UTC
The pair ended last week’s trading stuck between 1.3060 and 1.2975 levels, which we previously mentioned their importance to detect the next price trend, as breaking below 1.2975 will extend the bearish trend towards 1.2835, while breaching above 1.3060 will provide chances to end the current bearish correction.
Therefore, we continue to monitor the price behavior according to the mentioned levels to get clearer signals for the trend, and the contradiction between the EMA50 negativity and stochastic positivity is another reason to monitor the mentioned levels.
Expected trading range for today is between: 1.2900 support and 1.3175 resistance.
Expected trend for today: Depends on the above mentioned levels
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