Weekly technical levels for EUR/USD for December 30, 2013

Weekly technical levels: 

Trading recommendations: 

• EUR/USD: Use historic prices to determine future prices; thus, according to previous events, the price has still been trapped between 100% of Fibonacci retracement levels at the level of 1.3892 and 00% of Fibonacci retracement at the 1.3624 level. Therefore, it will profitable to long buying above the price of 1.3625 with the first target of 1.3750 in order to test the weekly pivot point, if the trend will be able to break the 1.3750 level, then it might resume to 1.3880. A stop loss should be set below 1.3600. Please check out the market volatility before investing, because the sight price may have already been reached and scenarios become invalidate.

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