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EURUSD’s upward movement extends to 1.3171
Monday, September 17, 2012 19:59
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EURUSD’s upward movement from 1.2501 extends to as high as 1.3171. Support remains at the trend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and next target would be at 1.3300 area. On the other side, a clear break below the trend line support will indicate that a cycle top has been formed at 1.3171, and consolidation of the uptrend is underway, then further decline to 1.2900 area could be seen.
