EUR USD settles below the broken support – Analysis -24/11/2014
Economies.com
2014-11-24 06:18AM UTC
The EURUSD pair ended last Friday’s trading below 1.2490, which supports the continuation of the negative pressure in the upcoming period, to target areas that begin at 1.2300 and extend to 1.2000.
Breaking the recently recorded low at 1.2357 will confirm achieving the suggested targets, and stochastic is offering negative signals that support the waited decline, which will remain valid and active unless the price managed to breach 1.2490 and hold above it.
Expected trading range for today is between: 1.2240 support and 1.2490 resistance.
Expected trend for today: Bearish
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