Up-trend probably resuming | 16 Diciembre 2013
16 Diciembre 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.
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.
