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10 Oct 2014 EUR/USD Analysis

10 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 EURUSD falls short of attaining 1.279 as gains are limited after testing 1.27 as support in yesterday’s trading

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 Support at 1.267 today will likely see gains for the Euro against the dollar, possibly towards 1.278-1.282 which will be the previous support on 18 Sept and potential resistance

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 A breakthrough and support at 1.27 will give rise to continuation of the uptrend as the downtrend lines act as possible reference points for support, if lower prices are rejected

German chancellor Angela Merkel is eyeing measures to bolster domestic demand, with her coalition partners she discussed easing the flow of private investments possibly targeting renewable energy and expanding the country’s digital network in order to avoid looming recession.

The German leader is not known to be averse to stimulus in the past. In the midst of the global financial crisis in 2009, Merkel’s first government pushed through a stimulus package of 115 billion euros, an assistance program that kept workers on companies’ payrolls while putting in fewer work hours until the economy rebounded.

These could add up as the world awaits the ECB’s decision to launch its next monetary policy measures for the duration of 2 years and the size of the policy and the style and which it will take shape could be boom or bust for traders and investors alike.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Slight Bullish / Near resistance 1.257 1.26 1.2651.271.2721.278 1.272 breakthrough1.2641.282

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