Sell-off ends abrubtly, recover extends | 22 November 2013
22 November 2013, EUR/USD
EUR/USD has recovered and bounced higher after stopping to consolidate following the last steep sell-off. The trend is in doubt and the pair could go in either direction next, but a break above 1.3490 could see a continuation of the bounce higher towards resistance at 1.3550. A move below the 1.3440 lows however would probably lead the way to a sell-off down towards the 1.3300 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.
