Weekly Forex Market Price Action Outlook for EURUSD – November 10th – 14th 2014http://instaforex.com/en/index.php?x=ICKU
EURUSD – Euro/dollar rotates down to support as downtrend continues
The EURUSD continued falling lower on Friday and broke down below key support
at 1.2500 before closing just above that level at 1.2521. This week, we
will wait to see what price does at this key 1.2500 support level, if
it bounces up from it, we will watch for another selling opportunity on
strength, to rejoin the downtrend from value.
The EURUSD stayed contained under the 1.2500
resistance level today that we discussed in yesterday’s commentary. Price
formed an inside bar setup in the process just below that resistance today. If
price continues to stay under 1.2500 and breaks down from this inside bar pattern, we could see another leg to
the downside in the coming days, in-line with the downtrend.
Tuesday, 4 November 2014
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Why Trade Foreign Currencies?http://instaforex.com/en/index.php?x=ICKU
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