EUR USD awaits the negative factor – Analysis - 17/09/2014
Economies.com
2014-09-17 05:04AM UTC
The EURUSD pair continues to fluctuate inside the minor rising wedge that appears on the above chart, while stochastic loses its positive momentum to support the chances of resuming the bearish bias, as the bearish trend scenario still valid on the intraday basis, and the next main target at 1.2785.
Breaking 1.2925 will motivate the price to decline, while breaching 1.3010 will stop the negative overview and pushes the price for some intraday recovery.
Expected trading range for today is between: 1.2800 support and 1.3010 resistance.
Expected trend for today: Bearish
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