Wednesday, 20 November 2013

Technical Analysis - EUR/USD

Current level - 1.3532

The uptrend here remains intact and current slide after yesterday's high at 1.3578 should be considered corrective in nature, thus preceding next wave upwards, to 1.3650 major resistance zone. Initial intraday support is projected at 1.3520, followed by the crucial low at 1.3485. A break below the latter will reinstate the negative outlook on the senior frame, for 1.3290

Resistance                            Support
intraday intraweek.            intraday intraweek
1.3578 1.3832                      1.3520      1.3290
1.3650 1.4000                       1.3485      1.3090

Profit-taking affects gold curbing silver and platinum

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