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
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