22nd Sept 2014 EUR/USD Analysis


EURUSD, EUR/USD, Euro, Technical Analysis, Forex, Trading EUR/USD ends the week trading below the support of 1.2862 and in sight of the previous support 1.274 last seen in July 2013

EURUSD, EUR/USD, Euro, Technical Analysis, Forex, Trading The continuation of the downtrend looks to carry on from where it left off, after resistance at 1.292 holds firm

EURUSD, EUR/USD, Euro, Technical Analysis, Forex, Trading 1.2833 on the H4 charts looks likely to be the level to beat before Euro slides towards next support at 1.279

EUR/USD ended the previous week bearish despite attaining 1.2976 as per the previous week, before barely hitting 1.3000 resistance before U.S dollar optimism kept the rate low. ECB’s President Mario Draghi is due to speak on Monday in Brussels in the presence of the European Parliament Economic and Monetary Policy Committee, where more insights as to his securities backed asset purchase program may be brought to the limelight.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Bearish 1.267 1.274 1.279 1.286 1.289 1.295

Share Your Opinion, Write a Comment