Rising within its range | 14 October 2013
14 October 2013, EUR/USD
The overall trend remains up and therefore favours more upside eventually, although currently the pair is consolidating. A break above 1.3580 would probably see a continuation higher back to the range highs at 1.3645. A breakout higher after that would also be possible. A move below 1.3525, however would probably see a bearish move unfold down to the range lows at 1.3465, and threaten a change of trend.
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.
