EUR USD under more pressure – Analysis -19/12/2014
Economies.com
2014-12-19 06:05AM UTC
The EURUSD resumed its negative trading to break 1.2300 level and settles below it, which provides more negative signals that support the continuation of the bearish trend, waiting to visit the psychological barrier 1.2000 that represents the main target for the upcoming period.
The EMA50 continues to push negatively on the price to support the suggested decline, which remains valid and active unless breaching 1.2350 and holding above it.
Expected trading range for today is between: 1.2150 support and 1.2350 resistance.
Expected trend for today: Bearish
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