19 Sept 2014 EUR/USD Analysis


EURUSD, EUR/USD, Euro, Technical Analysis, Forex, Trading Support and reversed at 1.283 yesterday, post FOMC press conference

EURUSD, EUR/USD, Euro, Technical Analysis, Forex, Trading Breaking above support of 1.286 with bullish strength

EURUSD, EUR/USD, Euro, Technical Analysis, Forex, Trading Support at 1.2895 likely to see Euro trade higher today

EUR/USD is likely to trade higher today after yesterday’s low due to FOMC’s effect on the USD. ECB’s Mario Draghi is set to embark on the targeted lending program aimed at adding 3 trillion Euro’s to the its balance sheets, shifting optimism in the market towards a positive outlook in the European Union.
A consecutive breakthrough of 2 supports 1.286 and 1.289 sees likelihood to reattain 1.2975 and subsequently 1.3000 again as seen earlier this week.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Bullish1.2831.2861.2891.2941.29751.31.291.2861.3

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