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Pulling-back, 1.3750 eyed

Pulling-back, 1.3750 eyed | 29 October 2013

29 October 2013, EUR/USD

The pair has pulled back within its sideways consolidation and it may fall further to the range lows at 1.3750. It is still overall in an up-trend, however, which is expected to resume once the current correction has finished, and continue higher, with the first up-target at 1.3880 and the second generated from the 25 pip box chart at 1.4125. A break below 1.3745 could, however, signal a more significant bearish breakdown to an initial down-count at 1.3695.
Pulling-back, 1.3750 eyed
Mark Satcher
Analyst of «FreshForex» company
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