EUR USD still under the negative pressure 10/01/2014

The pair made new test to 1.3560 which continues to form a solid support against the price attempts to decline, at the same time, the price still stable below 1.3620, which keeps the chances valid to achieve the bearish intraday trend which targets testing 1.3505 level

Stochastic shows bullish trend that might push the price for new tests to breach above 1.3620 level, but in general, the bearish bias will be preferred unless the price breached the mentioned level and settled above it.

We remind you that it’s important to be careful during trading today, especially at the time of releasing the unemployment and payroll data from the US economy.

Expected trading range for today is between: 1.3505 support and 1.3690 resistance.

Expected trend for today: Bearish