EURUSD Weekly Analysis - October 4, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 04 October 2014 12:16 UTC
EURUSD remains in downtrend from 1.3700, and the fall extended to as low as 1.2500. Resistance is now at 1.2700, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.2200 area. On the upside, a break above 1.2700 resistance will indicate that consolidation of the downtrend from 1.3993 is underway, then further rise to 1.2900 area could be seen.

eurusd chart

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