Recovery continues | 19 November 2013

19 November 2013, EUR/USD

The EUR/USD pair continues rising. It remains above the 45° trend line both on the 5 pip and the 25 pip charts. It will probably continue climbing. The count from the recent 1.3295 lows generates an up-target of 1.3685 and there is a possibility this will be reached eventually. Tough resistance at 1.3525 has repulsed price back down to its current level at 1.3515. A break below the trend-line could see the pair fall lower, perhaps to 1.3450. A break above 1.3550 would signal a more significant reversal of trend.
Recovery continues
Mark Satcher
Analyst of «FreshForex» company
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