Resumption in progress | 17 December 2013
17 December 2013, EUR/USD
EUR/USD has resumed its short-term up-trend after pulling back to support from the 45° trend-line at 1.3715. The recovery is expected to continue to the next target situated at a tough resistance level at 1.3830, followed by the target from the count calculated by the long column from the 5th December lows at 1.3935. A break above the column highs at 1.3785 would help confirm a move higher up to the next target.
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.
