$EURUSD reaches 1.35 support

11 Haz 2014

The "ECB hammer" failed to play out as a reversal and instead price has no sunk to recent support at 1.35. With the stochastic turning up a few positive days can move price above the LSMA and create a bullish signal. In the big picture price is trading in a broad range between 1.34 and 1.40 with minor levels of support and resistance in between. Let's see if support holds - a bullish candlestick pattern would be helpful.