Monday, 21 October 2013

EUR/USD: Consolidating below 1.37


Backed off from test of the 1.3700 level though overall tone still firm and further extension to target the 1.3711 high not  ruled out despite overbought readings on intraday tools. Support is at 1.3646  then the 1.3616/00 area. Above 1.3711,   but difficult for now, will see further extension within the 3-mth rising channel.

No comments:

Post a Comment