Midday update for EUR USD 01/04/2015
Economies.com
2015-04-01 10:54AM UTC
The EURUSD pair bounced bearishly after testing 1.0800 this morning, to support the continuation of the bearish trend overview efficiently for today, noting that stochastic is approaching from offering a negative overlapping signal that we are waiting to reinforce the decline expectations.
Thus, we will continue to wait targeting 1.0600 followed by 1.0200 levels in the upcoming period unless breaching 1.0845 level and holding above it.
Expected trading range for today is between: 1.0650 support and 1.0900 resistance.
Expected trend for today: Bearish
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