Overview:
- The market was in uptrend. Moreover, the trend was clear because the price moved lower to 1.3584; but the price of EUR/USD pair has been rebounding higher towards the level of 1.3622. According to the previous events, the price of EUR/USD pair is going to move between the level of 1.3570 and 1.3520. Therefore, we expect a range of 64 pips on June 25, 2014. Also, it should be noted that the price of 1.3584 is the key level to confirm the bullish market. The level of 1.3584 is representing the weekly pivot point. Buy above the level of 1.3577 (50% of Fibonacci retracement levels), with the first target of 1.3615, it might resume to the 1.3642 price in order to form a double top in H1 chart. Conversely, the price may close below 1.3562 (38.2% of Fibonacci retracement levels) in H1 chart. Consequently, the price will call for a bearish market to go further towards the level of 1.3527 to test it. However, it should be noted that the stop loss should never exceed your maximum exposure amounts.
