MARKET ANALYSIS - Intraday Analysis EUR/USD 28 October - TopicsExpress

MARKET ANALYSIS - Intraday Analysis EUR/USD 28 October 2014 Upwards scenario: Recently created local high, provides an important resistive barrier on the upside at 1.2723 (R1). Violation here is required to provide a signal of further ascending structure evolvement and suggest next intraday targets at 1.2743 (R2) and 1.2762 (R3). Downwards scenario: Depreciation below the technically important support level at 1.2681 (S1) might enable bearish pressure in near term perspective. Our lower supports at 1.2661 (S2) and 1.2642 (S3) could fulfill downside potential. Resistance Levels: 1.2723, 1.2743, 1.2762 Support Levels: 1.2681, 1.2661, 1.2642

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