EUR/USD Morning Technical Report 26/11/2014
ecPulse
2014-11-26 07:25AM UTC
The pair moved to the upside and is trading around 1.2470, as breaching 1.2500 and stabilizing above it halts the negative expectations that indicated the possibility of moving to the downside. A break below 1.2400 confirm these expectations and favors extending the downside move to retest 1.2360 levels. If the pair broke 1.2360 and stabilized below it, this will trigger a new bearish wave targeting 1.2305 and 1.2275.
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