EUR USD retests – Analysis -26/11/2014
Economies.com
2014-11-26 06:24AM UTC
The EURUSD pair made a new retest to 1.2490 level, which still represent a strong resistance ceiling for the positive attempts, as long as the price is below this level, so our bearish trend expectations remain valid generally, waiting for targeting 1.2300 levels initially.
The EMA50 keeps pushing negatively on the intraday and short term trading, being aware that stochastic provides positive overlapping signal now that might pushes the EURUSD price to provide some new positive attempts.
Expected trading range for today is between: 1.2330 support and 1.2550 resistance.
Expected trend for today: Bearish
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