EUR USD still below the resistance – Analysis - 05/10/2015
Economies.com
2015-10-05 04:55AM UTC
The EURUSD pair couldn’t confirm breaching 1.1280 level after the strong positive attempt in last Friday, to remain stable below the mentioned level, keeping the negative pressure valid on the intraday and short term basis, therefore, we keep preferring the bearish trend that its targets begin at 1.1060 and extend to 1.0860.
Stochastic provides negative signal that supports the suggested decline, reminding you that confirming breaching 1.1280 level will lead the price to regain the main bullish trend and positive targets begin at 1.1505 and extend 1.1705.
Expected trading range for today is between 1.1100 support and 1.1340 resistance.
Expected trend for today: Bearish
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