Midday update for EUR USD 08/02/2013

Economies.com
2013-02-08 11:36AM UTC

The pair trades with slight bullish bias since morning, where we noted that there is a potential retesting for 1.3485 before the return to continue the downside move.

 

In general, the morning suggested scenario remains valid as it is unless breaching above the mentioned level and settling above it.

 

Expected trading range for today is between: 1.3250 support and 1.3485 resistance.

 

Expected trend for today: Bearish

 

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