EUR USD still stuck – Analysis -29/07/2015
Economies.com
2015-07-29 04:13AM UTC
The EURUSD pair still stuck between 1.0990 support and 1.1100 resistance, and until the price manages to breach one of these levels, we continue with our neutrality, waiting to get clearer confirmation signal for the next trend.
The EMA50 and stochastic are positive now, which might assist to push the price to attempt to breach the above mentioned resistance, noting that breaching this resistance will push the price towards 1.1240 followed by 1.1420 on the near term basis, while breaking 1.0990 support will push the price to head towards 1.0880 followed by 1.0740 areas again.
Expected trading range for today is between 1.0900 support and 1.1200 resistance.
Expected trend for today: Neutral
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