Hi Traders,
As you can see on the Daily-chart, the EUR/USD prices rebounded inside the bullish channel from 1.2992 level for the first time since January. Then the pair dropped slightly from 1.3147 to close above its Daily-MA (100) at 1.3110.
We expect today trading range between 1.3066 and 1.3223. A divergence between the prices and the stochastic is worth to be watched closely, the divergence is signaling that the downside momentum for the pair is starting to weaken and further gains to upside is on the way.
Due to Europe debt crisis any upside is limited and provides opportunities to short the EUR/USD.
Good luck for all,
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter
As you can see on the Daily-chart, the EUR/USD prices rebounded inside the bullish channel from 1.2992 level for the first time since January. Then the pair dropped slightly from 1.3147 to close above its Daily-MA (100) at 1.3110.
We expect today trading range between 1.3066 and 1.3223. A divergence between the prices and the stochastic is worth to be watched closely, the divergence is signaling that the downside momentum for the pair is starting to weaken and further gains to upside is on the way.
Due to Europe debt crisis any upside is limited and provides opportunities to short the EUR/USD.
Good luck for all,
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter