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Published On: Wed, Oct 22nd, 2014

EUR/USD – Technical Analysis (22.10.2014)

EUR/USD has been stuck in a range between 1.2705 and 1.2840. The range-bound trading will continue until the aforementioned support and resistance hold.

The EUR/USD has been stuck in a range between 1.2705 and 1.2840 for several days. We expect the range-bound trading to continue until the aforementioned support and resistance are intact. A break through one of the levels will signal the end of the trading range, and the pair will make an impulsive movement in the direction of the breakout.

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