Forex Today News Signals EUR USD 01-28-2014

Forex Today News Signals Analysis EUR USD

BEARISH below 1.370 ; moving toward 1.366 and possibly 1.364

Breaking 1.370 will trigger a possiblity to 1.371 and 1.372
Pivot : 1.370

Support : 1.366 1.364

Resistance : 1.371 1.372

Last Price : 1.36638

Our preference: Long positions above 1.3645 with targets @ 1.3715 & 1.374 in extension.

Alternative scenario: Below 1.3645 look for further downside with 1.362 & 1.358 as targets.

Comment: The pair is rebounding above its support and remains on the upside.