EUR USD visits the support again 15/01/2014

The pair traded with bearish bias yesterday after testing 1.3690 level, to visit the key support now at 1.3620, and as we mentioned in our previous reports, the next intraday trend depends on surpassing one of the mentioned levels to detect the next targets clearly.

Note that breaking below the mentioned support will push the price to visit 1.3505 initially, while breaching the resistance will provide signals to stop the current bearish correction to regain the main bullish trend again, with targets that mainly begin at 1.3805

Expected trading range for today is between: 1.3505 support and 1.3805 resistance.

Expected trend for today: Depends on the above mentioned levels