EUR/USD Morning Technical Report 7/1/2014
ecPulse
2014-01-07 08:07AM UTC
The pair moved to the upside yesterday and the upside move started from the key support level of the ascending channel as showing on graph. Stochastic is showing oversold signals which might extend the upside move if the pair stabilized above support level 1.3570. It is significant to break 1.3500 as it will fail any intraday bullish possibility due to triggering negative signals on Linear Regression Indicators as it will lead to exiting the ascending channel.
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