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20th Oct 2014 EUR/USD Analysis

20th 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 Support at 1.2700 would see a rebound for EUR/USD towards 1.289 after the 2nd week of bullish action after rebound at the 1.25 region

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 downtrend channel is temporarily broken but the resistance just below 1.285 does not bode well for EUR/USD bulls

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 double retest of the H4 200 moving average hints at further bearish action as once 1.274-1.27 breaks lower we may resume bearish strength again

Concerns arise that Europe may slip into recession again as the U.S contemplates winding up its monetary easing policies. Pressure is mounting for the European Central Bank stimulus, such as government-bond purchases, as the 18-nation euro area struggles to rebound from a sovereign debt crisis and subsequent austerity measures. Board members announce that the ECB should begin purchasing assets in the new program to support the economy in time to come. 1.274-1.27 remain critical price supports if the Euro is to rebound further.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Slight Bearish1.261.26561.27001.28251.2891.3000Break of 1.27001.2761.26

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