The moving average continues to protect EUR USD 18/12/2013
Economies.com
2013-12-18 05:54AM UTC
The pair made a new attempt to break the bullish channel’s support but the EMA50 managed to stop the decline, which allows the price to settle again above the bullish channel’s support, getting a positive motive from Stochastic on the four hours time frame.
Therefore, the bullish trend will remain preferred, waiting for breaching 1.3810 to open the way towards 1.4000
Expected trading range for today is between: 1.3690 support and 1.3900 resistance.
Expected trend for today: Bullish
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