24/12/2014 EURUSD bearish momentum to continue till end of 2014


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 reached the bottom of the downward sloping trend channel and has broken below Fibonacci extension 161.8% at 1.2197.

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 Candles have broken and closed below the support price at 1.2218 and lies in the region of 1.21. Current bearish momentum still remains strong with the strong Dollar.

 

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 H1 chart, it is observed that 1.22 fails to hold as a support. Candles have broken below Fibonacci extension 200.0% at 1.2199 and seeks to drop even further and below 1.21.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Bearish1.20841.21681.22181.2260 1.2380

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