EUR USD visits the channel’s support 13/12/2013
Economies.com
2013-12-13 05:50AM UTC
The pair showed negative trading yesterday approaching from the ascending channel’s support line which is located now at 1.3715, accompanied with stochastic entering the oversold levels, which supports the chances of bouncing to the upside to resume the overall bullish trend, which is support by the EMA50.
Our waited targets begin by breaching 1.3810 level to open the way for more targets that reach to 1.4000, noting that holding above 1.3715 -1.3700 is the key to keep the chances of achieving the suggested targets.
Expected trading range for today is between: 1.3690 support and 1.3900 resistance.
Expected trend for today: Bullish
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