EUR USD engages again with the resistance 25/01/2013

The pair found solid resistance near 1.3400, which represents the most important level to push the price for more positive actions, while the bullish wave stops below this level, and stochastic negativity adds more reasons to this level’s strength.

In general, the bullish trend will be preferred and valid, waiting for clear breach to the mentioned level to open the way to test the critical barrier at 1.3485, noting that breaking below 1.3300 followed by 1.3250 will weaken the chances of achieving the waited rise and might lead into possible intraday turn to the downside.

Expected trading range for today is between: 1.3250 support and 1.3485 resistance.

Expected trend for today: Bullish