Continuation higher | 13 Diciembre 2013
13 Diciembre 2013, EUR/USD
EUR/USD has started to pull-back from the 1.3810 highs. So far the pull-back seems quite tame and it is probably just a correction of the dominant up-trend, which will resume once again eventually. A break below 1.3730, however, would be quite a bearish sign and indicate the correction was likely to fall lower. A break above 1.3780 on the other hand would help provide confirmation that the up-trend was resuming. There is resistance situated not far above at 1.3828, however, which is likely to prevent further gains, and provides the next up-target. After that, there is the count from the 5th December lows to 1.3935.
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.
