EUR USD resumes the bearish bias 20/12/2013
Economies.com
2013-12-20 06:07AM UTC
The pair begins today’s trading showing bearish bias targeting testing 1.3620 level, as breaking this level represents a confirmation to extend the bearish moves towards 1.3505 area mainly.
In general, the bearish trend remains valid on the intraday basis, supported by the EMA50, noting that breaching above 1.3760 will bring the price back to the ascending channel followed by turning back to the main upside trend again.
Expected trading range for today is between: 1.3505 support and 1.3750 resistance.
Expected trend for today: Bearish
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