Hi all ,
As we mentioned yesterday the euro continued to weaken against the U.S. dollar, and we see room for EUR/USD to return to1.2954 before any pullback to 1.3070—1.3080 area.
Stochastic indicator has dropped into oversold territory below 20% area, indicating that a short term upward movement is expected. However, the long term bearish sentiment remains in place, supported by ADX indicator above 20 levels.
Good luck![Wink ;) ;)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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As we mentioned yesterday the euro continued to weaken against the U.S. dollar, and we see room for EUR/USD to return to1.2954 before any pullback to 1.3070—1.3080 area.
Stochastic indicator has dropped into oversold territory below 20% area, indicating that a short term upward movement is expected. However, the long term bearish sentiment remains in place, supported by ADX indicator above 20 levels.
![chart09.png](/proxy.php?image=http%3A%2F%2Fwww.mbcfx.com%2Fnews%2Fimages%2Fchart09.png&hash=c999d072106c82a1e2d4892ff7f25eff)
Good luck
Read more Forex, Futures, Commodities, Spot Gold , spot Silver, Spot Oil,Online trading,No Dealing Desk,Currency Converter