Midday update for EUR USD 14/02/2013
Economies.com
2013-02-14 10:48AM UTC
The pair declined sharply to break below 1.3425 and heads towards the upside channel support mentioned in the morning, where we are waiting for hitting the levels between 1.3300- 1.3280.
Now, the bearish bias will be preferred for the upcoming intraday trading, and monitoring the price when reaching the mentioned levels is important, where a break will lead to target the major bullish channel support which is located at 1.3145.
Expected trading range for today is between: 1.3280 support and 1.3570 resistance.
Expected trend for today: bearish towards the mentioned targets
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