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Thursday, December 05, 2013

EURUSD Update 04.12.2013



After the evening violent breakout below the support line of 1.3566 and finding support at 1.3527, the pair is moving again at the prices of 1.3590. The most possible scenario is that EURUSD will follow a bullish trend, keep moving above SMA-50 and SMA-100. The best time to take a long position is above 1.3625. Thus, Thursday is a good day, considering the full of announcements calendar, in order to see the pair around 1.3670 - 1.3700.

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