EUR USD within tight track – Analysis - 08/10/2015
Economies.com
2015-10-08 04:59AM UTC
The EURUSD pair continues to fluctuates in sideways and tight track, keeping its stability below the critical resistance level at 1.1285, therefore, we keep preferring the bearish trend that gets support from stochastic negative signal, reminding you that we need to break 1.1180 level to reinforce the chances for heading towards 1.1060 initially.
Breaching 1.1285 level will motivate the price to stop the current negative pressure then regaining the bullish trend, which organizes within the bullish channel that appears in the image.
Expected trading range for today is between 1.1100 support and 1.1380 resistance.
Expected trend for today: Bearish
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