Thursday, November 27, 2014

EUR/USD Daily Outlook

Intraday bias in EUR/USD remains neutral for the moment. More consolidation could be seen. But with 1.2613 resistance intact, deeper decline is expected. Below 1.2357 will target 61.8% projection of 1.3700 to 1.2500 from 1.2886 at 1.2144. However, break of 1.2613 will indicate short term bottoming with bullish convergence condition



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