Midday update for EUR USD 21/11/2014
Economies.com
2014-11-21 11:41AM UTC
The EURUSD pair declined strongly to break the intraday bullish channel’s support, which stops the positive scenario suggested in our recent reports, and opens the way for more negative trading in the upcoming period, and a daily close below 1.2490 will confirm targeting 1.2300 followed by 1.2000 areas.
Therefore, the bearish bias will be preferred for the rest of the day, unless we witnessed breaching 1.2490 and holding above it.
Expected trading range for today is between: 1.2300 support and 1.2550 resistance.
Expected trend for today: Bearish for the rest of the day
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