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Up-trend probably resuming

Up-trend probably resuming | 16 December 2013

16 December 2013, EUR/USD

EUR/USD is resuming its short-term up-trend, after pulling back to support from the 45° trend-line at 1.3715. The short-term trend higher is expected to continue, with the next target situated at potentially tough resistance from old highs at 1.3830, followed by the target from the count calculated by the long column from the 5th December lows at 1.3935. A break above the 1.3770 highs would help solidify expectations and support the up-trend resumption.
Up-trend probably resuming
Mark Satcher
Analyst of «FreshForex» company
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