EUR USD reaches the initial targets 17/07/2013
Economies.com
2013-07-16 23:52PM UTC
The pair succeeded to achieve the waited rise yesterday approaching from our first main target at 1.3200, showing some slight bearish bias now affected by Stochastic negativity, and it might lean on 1.3125 before resuming the bullish trend.
And in general, the bullish trend will remain valid and preferred on the intraday basis, pointing that breaching above 1.3200 will open the way for heading towards 1.3400 followed by 1.3485, while breaking below 1.3125 will stop the bullish bias temporarily.
Expected trading range for today is between: 1.3060 support and 1.3300 resistance.
Expected trend for today: Bullish
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