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26/12/2014 EURUSD touches the lower trend channel

26/12/2014 EURUSD touches the lower trend channel

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 reached the lower trend channel and a retracement towards the upper channel is expected.

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 As we focus on H4 chart, candles are observed to move up within the channel. Stoc shows a stronger buying action in the market.

EURUSDH1 It was observed that candles were resisted at 1.2218 with the shadow just touching 1.2218 before falling below 1.2200.

 

 

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

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