Midday update for EUR USD 30/01/2013
Economies.com
2013-01-30 11:11AM UTC
The pair resumed the upside rally surpassing 1.3500 barrier and attempting to settle above it, to get more support to our positive overview on the short term basis.
Taking a wider look at the daily chart, we can notice the importance and sensitivity of 1.3485 which was breached yesterday, to open the door for targets begin by breaching 1.3580 to confirm more suggested gains.
In general, the morning suggested scenario remains valid and active for the rest of today’s trading.
Expected trading range for today is between: 1.3400 support and 1.3640 resistance.
Expected trend for today: Bullish
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