Pulling-back, 1.3750 eyed | 29 October 2013
29 October 2013, EUR/USD
The pair has pulled back within its sideways consolidation and it may fall further to the range lows at 1.3750. It is still overall in an up-trend, however, which is expected to resume once the current correction has finished, and continue higher, with the first up-target at 1.3880 and the second generated from the 25 pip box chart at 1.4125. A break below 1.3745 could, however, signal a more significant bearish breakdown to an initial down-count at 1.3695.
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.
