welcome,
Quotations of currency pair EUR/USD continues in the recent time a correction in a downward trend.
Course EURUSD remains above key support, which creates a blue trend line support which is a classic and is above the level 1.3574
As long as said support will not be defeated, you can expect further upward movement towards 1,3680-1,3700.
Previously, however, the market would have to deal with the barrier at 1.3625, which effectively discourages bulls for further purchases.
It is possible that the published data from the U.S. today will explain the whole situation ...
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| chart 1. EUR/USD, H1, 2014-06-25 |
regards,
oscarjp
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