EUR/USD Weekly Technical Report 30/12/2013-3/1/2014
ecPulse
2013-12-30 07:40AM UTC
The pair witnessed great volatility last Friday failing to keep it above 1.3775 levels and went back to trade below the referred to level between Linear Regression Indicators. Stochastic is showing a negative bias below line 50 indicating a downside move this week. To support the negative outlook, the pair has to stabilize below 1.3715 represented in 78.6% showing on graph to confirm a bearish correction inside the ascending channel shown on graph.
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