Monday, September 1, 2014

EUR/USD Daily Outlook

Recent decline in EUR/USD from 1.3993 continues today and intraday bias remains on the downside. Next target is 161.8% projection of 1.3993 to 1.3502 from 1.3700 at 1.2906. On the upside, above 1.3221 minor resistance will turn bias neutral and bring consolidations. But recovery should be limited by 1.3332 support turned resistance and bring fall resumption.



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