Daily Technical Report: July 16, 2013 The pair is proving its ability to consolidate above the ascending key support level once again. It stabilized above 1.2975 during its downside attempts yesterday, keeping the possibility of an upside move. The pair might move to the upside today if it stabilizes above the above mentioned 1.2975 support. The trading range for today is among the key support at 1.2975 and key resistance at 1.3270. The general trend over short term basis is to the downside targeting 1.2675 as far as areas of 1.3170 remain intact.
Posted on: Tue, 16 Jul 2013 10:41:11 +0000
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