EUR USD maneuvers positively 02/04/2013
Economies.com
2013-04-02 05:23AM UTC
The pair accomplished a breach for the minor neckline that mentioned yesterday at 1.2845, which makes the price visit the bearish channel resistance level at 1.2940
In general, the stability in this channel will keep the expected bearish trend valid, supported by the overbought signals that appear on Stochastic, and the targets start at 1.2725, while breaching above 1.2940 then 1.2990 will turn the trading to the upside.
Expected trading range for today is between: 1.2725 support and 1.2990 resistance.
Expected trend for today: Bearish
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