EUR USD retests – Analysis -01/04/2015
Economies.com
2015-04-01 04:54AM UTC
The EURUSD pair approaches from retesting 1.0800 broken yesterday level, which represents the neckline of the double top that appears in the chart, where the price affects by stochastic current positivity, while the EMA50 continues to push negatively on the intraday trading.
Therefore, we keep preferring the bearish trend within the main bearish channel, conditioned by the trading stability below this channel resistance at 1.0845, where breaching this resistance will lead the price to test the most resistance at 1.1025, reminding you that our main waited targets begin at 1.0600 and extend to 1.0200.
Expected trading range for today is between: 1.0650 support and 1.0900 resistance.
Expected trend for today: Bearish
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