Daily Outlook for Tuesday, 24. September 2013: yesterday the euro was trendless, with a weak downward trend can not be dismissed out of hand. The intermediate lows of Thursday and Friday were not reached, but the flag-shaped trading range held. Currently, the euro is back to the intermediate lows from Thursday and Friday. The very short term chart image is to be considered within the neutral range, the parent remains bullish.
Rate as $ 1.3502
Intraday Resistances: 1.3495 / 1.3510 + 1.3528 + 1.3569 + 1.3640 + 1.3711
Intraday Supports: 1.3470 + 1.3452 + 1.3386 / 1.3382 +1.3310 / 1.3325
The bullish flag of the last days should ideally be resolved at the top and EUR/USD should start a new boost. If the currency pair climbs over $ 1.3530, the high should be attacked at $ 1.3569 again. If it manages a sustained break above $ 1.3569, a high for the year continued rally to $ 1.3711 could be initiated. From there it could start a multi-day correction again.
Further pullbacks to $ 1.3470 or the old August high of $ 1.3452 or even slightly below would be harmless. Only below $ 1.3440 a deep pullback to $ 1.3382 must be scheduled.