Dear traders,
As it was expected yesterday, the EUR/USD prices continue to trade within narrow range ahead of the ECB and the Fed policy meetings. For the day trader, the stochastic is giving a sell signal, and the next possible downward movement will target 1.2230 and next 1.2201 area, its SMA (200) on the hourly chart.
Support 1: 1.2234
Support 2: 1.2199
Resistance 1: 1.2287
Resistance 2: 1.2359
Nice trading
Source mbcfx.com
As it was expected yesterday, the EUR/USD prices continue to trade within narrow range ahead of the ECB and the Fed policy meetings. For the day trader, the stochastic is giving a sell signal, and the next possible downward movement will target 1.2230 and next 1.2201 area, its SMA (200) on the hourly chart.
Support 1: 1.2234
Support 2: 1.2199
Resistance 1: 1.2287
Resistance 2: 1.2359
Nice trading
Source mbcfx.com