Tuesday, October 21, 2014

Weekly EUR/USD, forecast from 10/20/14


EUR/USD Weekly forecast from 10/20/14

Main situation:
The pair is trading along an sideways trend.
An local uptrend already started from support level 1.2750, which will be followed by moving up to resistance level 1.2840.

Alternative set-up:
An downtrend will start as soon, as the pair drops below support level 1.2750, which will be followed by moving down to support level 1.2655.

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