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Tortured progress higher continues

Tortured progress higher continues | 28 November 2013

28 November 2013, EUR/USD

The overall trend is mixed for EUR/USD – but it is 'up' today and so will possibly continue to 1.3630 resistance level. There is also a new count higher to 1.3730. Upside progress remains tortured, however, and the recovery rally remains unconvincing so a shock down is also possible, although resistance-turned-support at 1.3550 is in the way, and so a break below 1.3520 would give useful confirmation, followed by a possible resumption lower to the 1.3400 swing lows.
Tortured progress higher continues
Mark Satcher
Analyst of «FreshForex» company
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