Midday update for EUR USD 01/02/2013

Economies.com
2013-02-01 11:35AM UTC

The pair continued the trading positively heading towards 1.3700, to reinforce our preferred bullish trend expectations for today, especially after confirming breaching above the minor bullish channel resistance.

 

Our morning scenario remains valid and active for today, pointing that you must be aware when the unemployment and non-farm payroll data come from the US economy, due to the expected mixed and volatile trading that follows the appearance of this data.

 

Expected trading range for today is between: 1.3500 support and 1.3825 resistance.

 

Expected trend for today: Bullish

 

 

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