EUR USD touches the target 20/01/2014

Economies.com
2014-01-20 05:47AM UTC

The pair touched the main target of the decline that was activated after breaking the sideways range support at 1.3560, as the trading is settled now near this target which is located at 1.3505, which forms good support against the intraday trading.

 

This support is accompanied with stochastic positivity, which allows us to suggest witnessing some positive trading for today, with targets that begin by testing 1.3560 followed by 1.3620 levels, noting that breaking below 1.3505 will push the price towards 1.3415 then 1.3315

 

Expected trading range for today is between: 1.3470 support and 1.3620 resistance.

 

Expected trend for today: Bullish

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