Midday update for EUR USD 29/05/2013

Economies.com
2013-05-29 10:41AM UTC

The pair shows some bullish bias to test 1.2900 level again, while the price remains settled below the mentioned level and below the EMA50, which allows us to continue with our bearish overview for today, which remains valid unless 1.2970 was breached.

 

Expected trading range for today is between: 1.2725 support and 1.2970 resistance.

 

Expected trend for today: Bearish

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