EUR/USD Morning Technical Report 19/12/2013
ecPulse
2013-12-19 09:18AM UTC
The pair dropped in response to the bearish harmonic Bat Pattern and touched the first target of it represented in 38.2% correction of CD Leg at 1.3655 levels. Breaking the referred to level and stabilizing below it might trigger further bearishness towards 50% correction and later towards the second target of the Bat Pattern at 1.3555 represented in 61.8% correction of the CD Leg. Volatility and some bullish corrections are likely, but trading today below 1.3715 will keep the bearish possibility.
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