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1 Oct 2014 EUR/USD Analysis

1 Oct 2014 EUR/USD Analysis

dollar, Draghi, ECB, EUR/USD, EUR/USD Forecast, EURO, European Central Bank, EURUSD analysis, EURUSD outlook, EURUSD technical analysis, Mario Draghi, referendum, spain, U.S Dollar, USD, EUR/USD outlook, EURUSD forecast The Euro start the trading day strong at 1.267 support but failed to rise above the downtrend (see H1)

dollar, Draghi, ECB, EUR/USD, EUR/USD Forecast, EURO, European Central Bank, EURUSD analysis, EURUSD outlook, EURUSD technical analysis, Mario Draghi, referendum, spain, U.S Dollar, USD, EUR/USD outlook, EURUSD forecast Will the Euro subside as the technical price support comes into play? 1.2574 at the 261.8% of the downtrend extension made the Euro bears stay away at the end of yesterday.

dollar, Draghi, ECB, EUR/USD, EUR/USD Forecast, EURO, European Central Bank, EURUSD analysis, EURUSD outlook, EURUSD technical analysis, Mario Draghi, referendum, spain, U.S Dollar, USD, EUR/USD outlook, EURUSD forecast Consumer prices rose 0.3 percent, posing more questions than answers ahead of the ECB press conference tomorrow.

Europe will likely benefit from a weaker currency only if the ECB announces a large program to expand its balance sheet by purchasing a broad set of bonds. Should there be a lack of such intention, the euro will likely appreciate. Aggressive action may swing the inflation outlook in the Eurozone, but not likely to be strong enough to sustain Europe’s economic prospects. This possibility comes after the Euro area’s lowest rise in inflation in 5 years in September, with policy makers keen to take robust actions to avert deflation.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Bearish1.25151.2571.261.2671.271.273

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