EUR USD gathers some momentum 05/06/2013
Economies.com
2013-06-05 05:33AM UTC
The sideways range keeps controlling the pair move since yesterday, while we believe that the price is attempting to gather enough positive momentum to support the resumption of the intraday and short term bullish trend.
Thus, we are continuing in preferring the bullish trend which is supported by the EMA50, where we are waiting for targets that begin at 1.3145 followed by 1.3245, while achieving them requires holding above 1.2970.
Expected trading range for today is between: 1.2970 support and 1.3245 resistance.
Expected trend for today: Bullish
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