The predictions of the growth lasting till the resistance at 1.3680/90 were confirmed by the market; the apprehensions concerning the breakage through this obstacle upward were also grounded. The trading is carried at 1.3730/40. The support of the “bullish” mood from by the indicators tells that the expectances of the exercise of 1.3745/50 mentioned in the previous analysis will be accomplished in the shortest possible time. Besides, it’s also possible to suppose this obstacle will be surmounted as well, and the growth will last till 1.3780/90. Otherwise, the price falling down lower than 1.3690/80, which has already become a support, will signal about the comeback of the “bearish” preferences.

Analysis prepared by:

Arkady Nagiev
Forex4you analyst