web hit counter
Published On: Thu, Oct 30th, 2014

EUR/USD – Technical Analysis (30.10.2014)

 

The EUR/USD selloff yesterday resulted in a breach of the diagonal support connecting the lows from 23 October, and the pair made its daily close at 1.2636. This marks the end of the protracted correction phase. We expect more EUR/USD weakness: next target is 1.2581, en route to the key support at 1.25.

Immediate resistance can be spotted at 1.2682; the latter is expected to cap any upside attempts.

About the Author

ProfitEase.com

- ProfitEase.com is a global financial portal that provides news, analysis, economic calendars, streaming quotes, technical studies and other resources about the global markets. The materials on the website cover a variety of fields including: economics and politics; monetary policy; forex, CFD and derivatives trading; commodity markets; bond markets.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Subscribe

Never Miss A Post Subscribe For The Latest Updates And Receive News, Forecasts & Analysis for FREE!