EUR/USD: technical analysis for October 9, 2013

Trading recommendations: 

EUR/USD: According to the previous events, the price of the EUR/USD pair is still between the levels of 1.3583 and 1.3560. Moreover, it should be noted that the market was so stable and the trend was also too clear (dwonward). Similarly, the range was around 150 pips last week. Additionally, the value of 61.8% Fibonacci retracement levels is 1.3582 for that the key level of 1.3582, represented for a downtrend to confirm the bullish market. Therefore, sell deals are recommended below the 1.3582 level with targets at 1.3520 and it will resume towards 1.3475 in order to test the weekly resistance 1. It should be noted the descending movement will probably be lower than 1.3475 level (it will form a double bottom).