Despite yesterday’s roller coaster, EURUSD is still moving within a range.
For today the Department of Volume Analysis of has defined the following trends:
The mid-term trend of EURUSD is bearish
The short-term trend of 6ЕU1 (EURUSD futures) is the following:
Further market perspectives depend on the market reaction to 1.4070 (over 5000 trading volume). If the price consolidates above the level, EURSD may start rallying. Otherwise the downward tendency will be continued.
