EUR USD in tight range 19/02/2013
Economies.com
2013-02-19 05:14AM UTC
The tight range remains dominant after the US markets’ holiday, and the pair opens today’s trading calmly, thus, our yesterday suggested overview remains valid, awaiting some bearish bias to touch the upside channel’s support at 1.3285
Stochastic provides negative signal that supports the waited bearishness, taking into consideration the importance of monitoring the price behavior upon reaching the waited target, as it will be a key to detect the next trend.
Expected trading range for today is between: 1.3200 support and 1.3440 resistance
Expected trend for today: bearish towards the mentioned targets
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