21/11/14 EUR/USD fails to break 1.257 in another day of subdued trading as Flash Manufacturing PMI is below estimates.


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dollar, Draghi, ECB, EUR/USD, EUR/USD Forecast, EURO, European Central Bank, EURUSD analysis, EURUSD outlook, EURUSD technical analysis, Mario Draghi, ABS,TLTROs, asset backed securities, broad based asset purchases, U.S Dollar, USD, EUR/USD outlook, EURUSD forecast, EUR/USD technical analysis, EUR/USD analysis, EUR/USD projections, EURUSD projections, EURO Resisting 1.255 in a narrow range is likely to see drops below 1.2500 again as the 20 SMA intersects the 104 EMA, but support at 1.2466 may see bears temporarily stopped.

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Euro generally capped gains  yesterday against the greenback as gains in European Flash Manufacturing PMI fell below expectations. The no change in U.S CPI later in the day plus the higher than expected jobless claims in the U.S momentarily saw Euro climb higher agains the dollar but the bullish strength was not to last as Euro remains another day below 1.2550 resistance.

ECB President Mario Draghi is due to speak at the 24th European Banking Congress on the subject “Reshaping Europe,” in Frankfurt later today and may influence the market’s sentiment on the Euro later today.

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Slight bullish1.2451.2481.25001.2551.26001.2660

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