Consolidating on support | 05 November 2013
05 November 2013, EUR/USD
EUR/USD has bounced at the recent 1.3450 lows. The pair will probably continue consolidating along the line of support for a while, during which process it may rise up as high as 1.3565. The break of the 1.3465 lows was a major reversal sign providing stronger evidence that the up-trend had reversed. The bear trend is expected to resume once the sideways consolidation ends, with a break below 1.3425, signalling a break down to 1.3270, possibly even lower.
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.
