EUR/USD Morning Technical Report 25/4/2014
ecPulse
2014-04-25 07:29AM UTC
The pair is witnessing huge fluctuation within a very tight range below line 50. The current trading resides above 38.2% correction at 1.3780 showing on graph, as stabilizing above this level forces us to think that the bullish possibility is still valid especially with the positivity of Linear Regression Indicator 55.
Stochastic is trading above line 50 while RSI is stable above it too and MACD is trading above line zero, all these positive catalysts supports the positivity of trading within the ascending channel. Its significant to stabilize above 1.3850 to support our positive expectations, as failing to do so weakens the upside move and fails it later.
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