Recovery continues | 19 November 2013
19 November 2013, EUR/USD
The EUR/USD pair continues rising. It remains above the 45° trend line both on the 5 pip and the 25 pip charts. It will probably continue climbing. The count from the recent 1.3295 lows generates an up-target of 1.3685 and there is a possibility this will be reached eventually. Tough resistance at 1.3525 has repulsed price back down to its current level at 1.3515. A break below the trend-line could see the pair fall lower, perhaps to 1.3450. A break above 1.3550 would signal a more significant reversal 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.
