Midday update for EUR USD 20/02/2013
Economies.com
2013-02-20 11:04AM UTC
The pair shows sideways and mixed trading since morning, and retests now the breached resistance which we mentioned in our morning report.
And until now, our neutral attitude remains valid until getting a clear daily close above 1.3185 or below 1.3405, and the contradiction between EMA50 positivity and Stochastic negativity is another reason for the neutrality.
Expected trading range for today is between: 1.3285 support and 1.3520 resistance.
Expected trend for today: Neutral
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