Consolidating; upside bias | 15 October 2013

15 October 2013, EUR/USD

Despite the lengthy sideways consolidation of the last 3 weeks EUR/USD is still overall in a short-term up-trend, which will eventually probably continue. The recent break higher above the down-sloping trend-line was a recovery sign, however, it has run out of steam before reaching its 1.3655 target. There has now been a pull-back and we could get a deeper correction, even to as low as 1.3505 perhaps. However there is an up-side bias with prices expected to troll higher and eventually reach 1.3655.
Consolidating; upside bias
Mark Satcher
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus