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Wednesday, November 20, 2013

EURUSD Update 20.11.2013



Eventually the so called breakout of the bullish trendline happened today at EURUSD. This had a great bearish impact at the pair, sending the EUR at the lowers prices this week. After the positive announcements concerning the retail sales of USA, USD gained a lot versus EUR today evening. The pair found supports at 1.3454 and 1.3430 before continue it's bearish movement just below 1.3416. The previous two days i had informed you for this aspect, so i hope you had take a good sell limit position around 1.3500 gaining some easy pips. At the moment the bearish trend continues, aiming the support of 1.3389. On the other hand, for prices above 1.3432 you have to be careful for a short bullish trend. Finally, above 1.3460 you can take long positions.

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