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Sell-off ends abrubtly, recover extends

Sell-off ends abrubtly, recover extends | 22 November 2013

22 November 2013, EUR/USD

EUR/USD has recovered and bounced higher after stopping to consolidate following the last steep sell-off. The trend is in doubt and the pair could go in either direction next, but a break above 1.3490 could see a continuation of the bounce higher towards resistance at 1.3550. A move below the 1.3440 lows however would probably lead the way to a sell-off down towards the 1.3300 lows.

Sell-off ends abrubtly, recover extends

Mark Satcher
Analyst of «FreshForex» company
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