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EUR USD breaks the critical support 07/03/2013
The pair pushed negatively yesterday to achieve a break below 1.2990 and settled with a daily close below it, this break represents a strong negative signal that might push the price to visit levels begin at 1.2710, but we prefer staying aside for today in order to monitor another daily candle stick close below the mentioned level and followed by confirming the continuation of the downside track, where Stochastic shows clear oversold signals that might assist in the attempt to turn the price back to the negativity.
Expected trading range for today is between: 1.2800 support and 1.3145 resistance.
Expected trend for today: Neutral
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Midday update for NZD USD 06/03/2013
The pair is heading to the downside in attempt to retest the minor channel’s resistance that was previously breached, which meets EMA50, to add more support for this level.
MoreMidday update for AUD USD 06/03/2013
The pair moves near the breached falling wedge’s resistance by today’s opening, where this decline is considered as a natural retest process, and we are waiting for an upside rebound supported by Stochastic current positivity.
MoreMidday update for Crude Oil 06/03/2013
Crude oil trades with bearish bias heading towards retesting the previously breached falling wedge’s resistance, where the price is affected by Stochastic negativity, while we remain in preferring the bullish trend for today, which remains valid if the price remained above 90.20- 90.00
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