Midday update for EUR USD 31/10/2014
Economies.com
2014-10-31 10:56AM UTC
The EURUSD pair declined this morning to approach again from 1.2490 level, which represents our main target for today, where the expected bearish trend remains valid for today, supported by stochastic negativity, reminding you that monitoring the price when reaching the mentioned target is important to detect the next targets due to its sensitivity on the short-term basis.
Holding below 1.2785 keeps the suggested bearish trend valid.
Expected trading range for today is between: 1.2490 support and 1.2700 resistance.
Expected trend for today: Bearish
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