EUR USD requires attention 14/11/2012
Economies.com
2012-11-14 05:42AM UTC
The pair stabilized yesterday below 1.2725, that makes our bearish scenario which we expected yesterday remains valid, noticing that the fluctuating continues recently around the mentioned level, that offers signals for attempting to return moving higher again, specially that Stochastic offers clear positive signals on the daily time frame.
Therefore, we prefer to stay aside for now to monitor the price behavior according to 1.2725 and 1.2700 levels, while a mixed trading might be seen in the upcoming term.
Expected trading range for today is between: 1.2550 support and 1.2910 resistance.
Expected trend for today: Neutral
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