EUR USD tests the correctional level 09/01/2014
Economies.com
2014-01-09 06:32AM UTC
The pair remains stable below 1.3620, which keeps the bearish scenario valid, but we notice the solid support that keeps stopping the pair’s attempts to go for more bearish actions at 1.3560, and the price needs to break this level to confirm reaching our main target at 1.3505
We remind you that the current decline is considered as a bearish correction for the bullish wave that appears on the image, therefore, the price is waiting to turn back to the main upside trend, conditioned by the stability above 1.3505
Expected trading range for today is between: 1.3505 support and 1.3690 resistance.
Expected trend for today: Bearish
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