EUR USD opens the door to decline 13/11/2012
Economies.com
2012-11-13 05:15AM UTC
The pair breached the critical support level 1.2725 and settled below it, and begins today’s trading with more negativity that makes us expect surpassing the sideways range which was the dominant recently, where the way seems open to achieve bearish targets begin at 1.2610 and might extend to move further towards 1.2400.
We must mention that breaching 1.2800 will stop the bearish bias and reverses the price attempts to the upside again.
Expected trading range for today is between: 1.2500 support and 1.2800 resistance.
Expected trend for today: Bearish
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