EUR USD tests the resistance levels 11/12/2013
Economies.com
2013-12-11 05:56AM UTC
The pair tested 1.3800 and bounced lower from there affected by Stochastic negativity which approaches from the oversold levels to gain good positive momentum that supports the return to resume the bullish trend, where we still prefer the continuation of the overall bullish trend which depends on the stability inside the bullish channel that appears in the image.
We remind you that our targets begin at 1.4000, while achieving them requires holding above 1.3700 – 1.3660
Expected trading range for today is between: 1.3680 support and 1.3900 resistance.
Expected trend for today: Bullish
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