EUR/USD Weekly Technical Report 17-21/6/2013

The pair has been trading to the upside since last week, as we see it stable above 1.3225 levels keeping the overall positivity. Linear Regression Indicators are positive supporting the bullish move during this week as long as the pair stabilizes above 1.3225. The suggested target of the current bullish wave resides at 1.3505 followed by levels 1.3600. We notice that momentum indicators are showing a negative bias that requires not breaking levels 1.3225 to cancel its affect.

The trading range for this week is among the key support at 1.3115 and key resistance at 1.3600.

The general trend over short term basis is to the upside targeting 1.3600 as far as areas of 1.2970 remains intact.