Bullish breakout | 18 October 2013
18 October 2013, EUR/USD
The EUR/USD pair has broken higher, resuming its short-term up-trend. It has met the up-count target at 1.3685 and may consolidate before going higher. There could be a pull-back to the 1.3640s where the previous high is situated. The short-term up-trend would be expected to resume eventually, however, taking us up to major trend-line resistance at 1.3950. A longer-term up-target calculated from the 0.0025 box chart is at 1.4125. A break above 1.3695 would help add confirmation to the bullish forecast.
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.
