22/12/2014 EURUSD falls back below 1.23


dollar, Draghi, ECB, EUR/USD, EUR/USD Forecast, EURO, European Central Bank, EURUSD analysis, EURUSD outlook, EURUSD technical analysis, Mario Draghi, ABS, TLTROs, Targeted LTRO, 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, minimum bid rate EURUSD has touched the upward sloping trend line on the weekly chart. However considering the fundamentals of the Euro and the Dollar, EURUSD is bound to be bearish in the long run. As such, it is highly possible that candles would break the trend line and continue on the bear.

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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, Targeted LTRO, 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, minimum bid rate Focusing on the H4 chart, candles are still moving downwards within the trend channel forming lower highs.

dollar, Draghi, ECB, EUR/USD, EUR/USD Forecast, EURO, European Central Bank, EURUSD analysis, EURUSD outlook, EURUSD technical analysis, Mario Draghi, ABS, TLTROs, Targeted LTRO, 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, minimum bid rate EURUSD has broken and closed below the support price at 1.2255 and candles are seeking to retrace. It is possible for the support price at 1.2255 to turn into a resistance, allowing for the continuation of the bearish trend.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Bearish 1.2078 1.2140 1.2183 1.2255 1.2380

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