EUR USD attempts to recover – Analysis - 22/08/2014
Economies.com
2014-08-22 05:24AM UTC
The EURUSD pair is affected by stochastic positivity to show some slight bullish bias, which might push the price to retest 1.3360 level.
And as long as the price is settled below this level, the intraday bearish trend scenario will remain valid and active, waiting to test the most important level at 1.3215, which breaking it represents the key to extend the losses towards 1.3040 areas, while breaching 1.3360 will open the way to attempt to stop the current negative pressure.
Expected trading range for today is between: 1.3175 support and 1.3360 resistance.
Expected trend for today: Bearish
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