EUR/USD Forecast November 20, 2013, Technical Analysis

The EUR/USD pair broke above the 1.35 level during the session on Tuesday, but remains in the very top of the resistance zone that we have been paying attention to. We believe that the resistance goes all the way up to 1.360, so that being the case, we are hesitant to start buying here. If we get a daily close above that level though, we are more than willing to start buying, but until then we are still trying to find resistive action in order to start selling. If that happens, we think that the 1.33 level will be targeted.

 

EUR/USD Forecast November 20, 2013, Technical Analysis

Written by FX Empire