EUR/USD Morning Technical Report 31/10/2014
ecPulse
2014-10-31 08:06AM UTC
The pair dropped again after touching around the resistance 1.2625 and is trading again below 1.2580. Trading below the referred to level 1.2580 extends the downside move today, while breaking 1.2485 triggers a stronger bearish wave.
Technical indicators are showing clear negativity, whereas Linear Regression Indicators are negative and trading to the downside, RSI and MACD signal lines are negative also which support our bearish expectations.
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