EUR/USD Morning Technical Report 10/1/2014
ecPulse
2014-01-10 08:39AM UTC
Despite the volatility witnessed yesterday, the pair stabilized again above the bullish key support level and above 50% correction at 1.3590. Stability above the referred to level might support a new bullish attempt, but we cannot confirm that due to the negativity showing on Linear Regression Indicators, as we need to breach 1.3665 levels today to confirm bullishness. On the other hand, breaking 1.3520 will get the pair out of the ascending channel and trigger a bearish wave.
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