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EUR/USD Technicals – Bears Claiming First Blood In 2014
Brand new year, brand new trade opportunities await, and the eternal struggle between Bulls and Bears are preparing to start once again as trading volume begin to get back into the markets. Currently, initiative has been given to bears with prices trading lower sharply this morning, potentially confirming the bearish rejection of the 1.3815 and rising trendline resistance with the possibility of a Triple Top chart pattern forming. Should prices push below the soft support of around 1.373, we could see strong bearish acceleration towards 1.36 round figure with ultimate bearish target close to 1.31 should the Triple ... (full story)
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