EUR USD resumes the decline – Analysis -30/10/2014
Economies.com
2014-10-30 05:13AM UTC
The EURUSD pair declined strongly yesterday’s evening after retesting the previously broken minor bullish channel’s support, and stochastic provides negative overlapping signal now on the daily time frame, supporting the continuation of the bearish trend scenario on the intraday basis, which its next main target at 1.2490.
The EMA50 keeps supporting the suggested bearish wave, which remains valid conditioned by holding below 1.2785 level.
Expected trading range for today is between: 1.2490 support and 1.2700 resistance.
Expected trend for today: Bearish
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