Wednesday, February 5, 2014

EUR/USD Daily Outlook

No change in EUR/USD's outlook. Intraday bias stays neutral for some more consolidations. But again, near term outlook stays bearish as long as 1.3739 resistance holds. Deeper decline is expected to 38.2% retracement of 1.2755 to 1.3892 at 1.3458. Break will target 50% retracement at 1.3324.



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