Sponsors

EURUSD Weekly Analysis - November 1, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 01 November 2014 14:07 UTC
After consolidation, EURUSD broke below 1.2500 support, indicating that the downtrend from 1.3993 has resumed. Further decline could be expected over the next several weeks, and next target would be at 1.2000 area. Key resistance is at 1.2886, only break above this level could signal completion of the downtrend.

eurusd chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.