EUR/USD Weekly Technical Report 10-14/6/2013

ecPulse
2013-06-10 07:40AM UTC

The pair failed to consolidate above 1.3230 but is stable above 38.2% correction at 1.3115 shown on graph, stability above it is positive especially that Linear Regression Indicators tends to be positive. The possibility of extending bullishness is valid this week and the first suggested target resides at 61.8% correction at 1.3345 levels followed by correction 78.6% at 1.3505 shown on graph.

 

The trading range for this week is among the key support at 1.2970 and key resistance at 1.3505.

 

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

 

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