FX.co ★ Weekly technical levels of EUR/USD for December 23 - 27, 2013

Weekly technical levels:

Overview:

• EUR/USD has rebounded from the minor support at 1.3625, and it is now approaching its support in order to test it, so it will probably start upside movement in this area and recovery again. Therefore, it will be a good sign to buy at this spot with the first target of 1.3717 and continue towards 1.3780 (it should be noted that this level will form the weekly resistance 1). On the other hand, in case of a break of 1.3590, a good place for stop loss will be below 1.3575 on 23/12/2013.