Midday update for EUR USD 20/05/2013
Economies.com
2013-05-20 10:38AM UTC
The pair shows some bullish bias since morning, and remains below 1.2900, keeping the preferred bearish trend scenario efficient for today, supported by Stochastic losing its bullish momentum clearly.
EMA50 keeps supporting the suggested bearish trend.
Expected trading range for today is between: 1.2700 support and 1.2940 resistance.
Expected trend for today: Bearish
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