Technical Analysis – EURUSD downside stalls around key 1.35 level
Posted on November 5, 2013 at 9:15 am GMTEURUSD has been in an uptrend since the July 9 low of 1.2753 until it peaked at 1.3831 on October 25. It subsequently fell until November 1st where it stalled and is hovering around the key 1.35 level. The uptrend line is providing strong support at 1.3440, while immediate support is at 1.3476. On the upside, prices are being capped below 1.3524. Any bounce higher will lead to next resistance at 1.3645. The next resistance level at 1.3831 is an [..]