Pulling-back in up-trend | 11 December 2013
11 December 2013, EUR/USD
EUR/USD has pulled-back from the 1.3790 highs. It has reached support at 1.3745 from the 45° trend-line. There is a possibility it could reverse at the current level and resume moving 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. A break above the recent highs at 1.3790 would help provide confirmation of further upside.
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.
