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.
Continuing to rally
Mark Satcher
Analyst of «FreshForex» company
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