Resumption in progress | 17 Desember 2013

17 Desember 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.

Resumption in progress

Mark Satcher
Analyst of «FreshForex» company
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