EUR USD stops at the critical support 04/03/2013

The pair made an attempt to break below the psychological barrier 1.3000, but the trading settled above this level, to make the price stand at a critical horizontal support that appears in the above image, where it meets the bottom that was recorded at the beginning of this year.

This stop besides Stochastic positivity represents factors that makes us prefer witnessing some bullish bias today, and the target is testing 1.3145 and might extend towards 1.3250, but we must take into consideration that breaking below 1.2295-1.2980 and holding below it will be a reason for suffering more losses on the short term basis.

Expected trading range for today is between: 1.2900 support and 1.3200 resistance.

Expected trend for today: Bullish