Tortured progress higher continues | 28 نوفمبر 2013
28 نوفمبر 2013, EUR/USD
The overall trend is mixed for EUR/USD – but it is 'up' today and so will possibly continue to 1.3630 resistance level. There is also a new count higher to 1.3730. Upside progress remains tortured, however, and the recovery rally remains unconvincing so a shock down is also possible, although resistance-turned-support at 1.3550 is in the way, and so a break below 1.3520 would give useful confirmation, followed by a possible resumption lower to the 1.3400 swing lows.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
