EUR/USD Morning Technical Report 24/12/2013
ecPulse
2013-12-24 08:18AM UTC
The market is still trapped within a very tight range, while we can see a slight downside impetus below the middle line of Bollinger bands. SMA 50 is a target and breaching it will trigger panic sell-off actions over short-term basis. On the upside, 1.3830 is the ceiling for short positions.
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