EUR USD finds solid support 22/02/2013
Economies.com
2013-02-22 05:09AM UTC
The pair managed to achieve the waited target yesterday at 1.3175, which represents the bullish channel support that appears in the image, noticing that the decline stopped at this level and attempts to begin an upside bouncing.
This cancelation besides Stochastic positivity makes us prefer witnessing bullish bias for today, where its main target is testing the minor bearish trend resistance at 1.3360, being aware that breaking 1.3175 then 1.3145 will push the price for more downside move on the short term basis.
Expected trading range for today is between: 1.3105 support and 1.3400 resistance.
Expected trend for today: Bullish
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