Hi Traders,
The EUR/USD prices continue to move within a bullish channel, the next strong resistance anticipated at1.3525; the main trend line, which coincides with November 2011 highs. We may expect a pullback to 1.3230 levels before any further decline to 1.3065—1.3100 area.
The stochastic indicators on the 4h, daily and weekly charts are signaling a top formation is under way and any crossover of the stochastic lines below the 80 level; leaving the overbought zone, will definitely speed up the prices decline.
TO GET MORE ANALYSIS CLICK HERE
The EUR/USD prices continue to move within a bullish channel, the next strong resistance anticipated at1.3525; the main trend line, which coincides with November 2011 highs. We may expect a pullback to 1.3230 levels before any further decline to 1.3065—1.3100 area.
The stochastic indicators on the 4h, daily and weekly charts are signaling a top formation is under way and any crossover of the stochastic lines below the 80 level; leaving the overbought zone, will definitely speed up the prices decline.
TO GET MORE ANALYSIS CLICK HERE