EURUSD – Daily Forecast 17 Dec 2013

EURO-Dollar-min

Recommendations: LONG positions above 1.3693 with  1.3870 &  1.4025 as next targets.
Alternative scenario:The downside breakout of 1.3693 will call for a slide to 1.3620/1.3520.
Description:The pair printed support at 1.3726 ahead of 1.3693 (main) , stability above 1.3693 on a daily basis could mean a return to the 1.3810 levels , break of 1.3810 would target 1.3870 next , further out will aim the 1.4025 levels. On the downside ,  losing 1.3693 on a daily basis would reverse risks to the downside towards 1.3620/1.3520 levels.

 

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