EURUSD Review 23.10.2013

After yesterday breakout the EURUSD currency found a strong resistance level at 1.3793. The currency today is consolidating between 1.3740 and 1.3793 testing all the more support levels.

As for technical analysis, the EURUSD currency is trying to hold above 100-day SMA and 50-day SMA. The short terms supports levels can be find at 1.3740 and 1.3722, while the breakout of 1.3793 will lead to 1.3829 and 1.3875