EURUSD continued to move lower and currently hold at support level 1.34300 as expected. Although PMI data yesterday was good for Euro but lose most of the gain and closed the day unchanged. It is clearly that the brearish momentum still in control and the downtrend will continue but slowly. The move of EURUSD will also be affected by investor’s appetite for US dollar.
We expect EURUSD will be trading in narrow range today with bias down trend.
Forex Trading Signal:
We will looking for signals to sell Euro around 1.3550.
+1.3550 – 1.3585
+1.3400 – 1.3430
Forex Signals 247