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EUR USD under more pressure 20/05/2013

Economies.com
2013-05-20 05:44AM UTC

 

The pair touched 1.2800 last Friday, fluctuating in sideways range near this level, where it is affected by Stochastic current positivity.

 

In general, our bearish trend expectations remain valid and active, depending on the stability below 1.2990 and supported by the EMA50, and the waited main targets are located at 1.2725, reminding you that monitoring the price when reaching this level, due to its importance in detecting the next trend.

 

Expected trading range for today is between: 1.2700 support and 1.2940 resistance.

 

Expected trend for today: Bearish

 

Midday update for NZD USD 17/05/2013

Economies.com
2013-05-17 11:00AM UTC

The pair approached the first waited target at 0.8060, providing some upside bounce, affected by stochastic positivity, while we still keep our bearish trend overview depending on breaking the horizontal level at 0.8173.

 

We remind you that breaking below 0.8060 will extend the bearish targets to reach 0.7920 level.

 

Expected trading range for today is between: 0.7980 support and 0.8360 resistance.

 

Expected trend for today: Bearish

 

Midday update for AUD USD 17/05/2013

Economies.com
2013-05-17 10:59AM UTC

The pair continues to trade negatively, recording 0.9726 this morning, while we still suggest the overall bearish trend for today, depending on breaking 0.9825 level yesterday.

 

Stochastic positivity might cause some temporarily sideways trading before resuming the bearish trend which remains valid unless 0.9825 was breached.

 

Expected trading range for today is between: 0.9765 support and 0.9975 resistance.

 

Expected trend for today: Bearish

 

Midday update for Crude Oil 17/05/2013

Economies.com
2013-05-17 10:59AM UTC

Crude oil price trades with quite bullish bias approaching from the main waited target at 96.90, keeping the positive intraday bias that was expected this morning valid, reminding you that the sideways range is preferred to be the dominant on the upcoming trading, until surpassing one this range lines which are represented by the mentioned resistance and 92.50 support.

 

Expected trading range for today is between: 92.50 support and 97.60 resistance.

 

Expected trend for today: Sideways