EUR USD had to bounce down 04/02/2013
Economies.com
2013-02-04 05:23AM UTC
Trading bounced to the downside after attempting to breach 1.3700, as stochastic pushes negatively on the intraday trading, to retest the previously breached minor channel’s resistance.
In general, we still expect the main uptrend continuation, mainly targeting 1.3825, noting that holding above 1.3485 is the key to keep our positive overview vadid.
Expected trading range for today is between: 1.3485 support and 1.3825 resistance.
Expected trend for today: Bullish
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