Midday update for EUR USD 22/10/2014
Economies.com
2014-10-22 10:41AM UTC
The EURUSD pair continued its negative trading to push more at the minor bullish channel’s support, and we need to monitor the upcoming trading carefully, where confirming breaking this support by a four hours close below it will lead the pair to 1.2490 areas mainly.
Until now, the morning suggested scenario remains valid unless witnessing a daily close below 1.2700.
Expected trading range for today is between: 1.2645 support and 1.2900 resistance.
Expected trend for today: Bullish
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