Continuing to rally | 10 December 2013
10 December 2013, EUR/USD
EUR/USD continues to rise strongly. It has broken above resistance at 1.3710 and accelerated its up-trend, which is expected to extend. It reached light resistance at 1.3750 and has pulled back. There is a possibility it could pull-back down to 1.3725 but after that the up-trend is expected to continue higher. The count from the 5th December lows consists of a long column of 24 boxes and targets 1.3935, and this is the next target for the pair.
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.
