The moving average protects EUR USD 16/12/2013
Economies.com
2013-12-16 05:50AM UTC
The pair showed negative trading on Friday evening attempting to break the upside channel’s support line, but the EMA50 managed to protect the pair from falling, to push the price positively and settles within the channel again, which encourages us to continue suggesting the intraday and short term bullish trend, which gets additional support from stochastic.
We remind you with our main targets which begin by breaching 1.3810 level 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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