EUR USD retests again 24/05/2013
Economies.com
2013-05-24 05:28AM UTC
The pair approached from retesting 1.2990 again, keeping the stability below it until now, which represents the main factor that makes us continue in preferring the bearish trend on the short term basis, where the EMA50 attempts to protect these expectations.
Stochastic provides clear negative signals that support the waited decline, which its targets begin by surpassing 1.2800 to head towards 1.2725.
Expected trading range for today is between: 1.2725 support and 1.3000 resistance.
Expected trend for today: Bearish
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