Midday update for EUR USD 22/05/2013

Economies.com
2013-05-22 10:31AM UTC

The pair continues its positive attempts to surpass the EMA50, as a signal for a potential test 1.2970

 

And as we mentioned this morning, our bearish trend expectations will remain valid and active unless breaching the mentioned level, which will lead to a potential test for levels between 1.3040 and 1.3145

 

Expected trading range for today is between: 1.2800 support and 1.3040 resistance.

 

Expected trend for today: Bearish

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