EUR USD attempts to recover 09/07/2013

Economies.com
2013-07-09 05:35AM UTC

The pair continued to trade negatively and settled above 1.2840, but the price still inside the bearish channel that appears in the image, which keeps the general bearish trend valid, unless breaching 1.2920 and holding above it.

 

The EMA50 and Stochastic are supporting the expected decline, which its main targets begin at 1.2745

 

Expected trading range for today is between: 1.2700 support and 1.2920 resistance.

 

Expected trend for today: Bearish

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