Trading recommendations:
- According to the previous events, the price of the EUR/USD pair is still between the levels of 1.3530 and 1.3487. Moreover, it should be noted that the market was so stable and the trend was also very clear (upward). Similarly, the range was around 85 pips last week. Additionally, the value of 100% Fibonacci retracement levels is 1.3552 for that the key level of 1.3552 is represented for downtrend to confirm the bearish market (breakout). Therefore, sell deals are recommended below the 1.3552 level with targets at 1.3486 in order to test the weekly support 1, and it will resume towards 1.3392 to retest the psychological level on November 20, 2013.
Notes:
- Supports: 1.3425
- Breakout level (resistance) sets at the level of 1.3550
- Range: 85 pips.
- Trend: bullish market (in the short term).
