EUR USD loses momentum – Analysis – 02/03/2016

forexnews4The EURUSD pair shows sideways and tight trading since morning, keeping its stability below 1.0890 level, while stochastic keeps approaching from the overbought levels.

Therefore, there is no change on the expected bearish trend scenario for today, which depends on the stability below 1.0890, while it targets testing 1.0750 level as a next main station.

Expected trading range for today is between 1.0750 support and 1.0950 resistance.

Expected trend for today: Bearish

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Origin: economies.com

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