EUR/USD Morning Technical Report 8/1/2014
ecPulse
2014-01-08 10:17AM UTC
The pair touched yesterday levels close to 38.2% correction at 1.3665 and rebounded to the downside. Despite failing to stabilize above the referred to level, we notice that the pair is still stable within the general ascending channel and close to its main support. Trading above 1.3520 will force us to keep our positive expectations, but the pair has to remain stable above 1.3590 to strengthen the upside move over intraday basis.
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