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EUR/USD Analysis and Forecast 1.3215 to 1.3165 for 28 August 2014

August 28, 2014 10:28 am

Yesterday EUR/USD currency pair move from support level area 1.3155 to 1.3196 accurately as per our prediction. On yesterday euro and dollar not have any important economical event, so 70% movements of this pair as per technical base and downward correction as per fibo tool and other some low important events.

Today Overview:

We are expecting that EUR/USD currency pair move downward direction from resistance level 1.3212 to support level 1.3175/65. Today this pair opened at 1.3191 and as per our prediction reached at resistance level 1.3217 and now must reach as technical base 50MA (H1) at 1.3187, so we are predicted that may be this pair move near support level area 1.3175/65 and as fundamental bases today some low and medium importance event for both currencies, overall today may be dollar strong and euro weak.

Recommendations:

We are expecting that EUR/USD pair may be move 1.3212 to 1.3165 range, but today fundamental bases this pair have critical thinking about both currencies, but overall roughly expecting that euro may be weak. If this pair will break resistance level 1.3245 then damage bearish expectations. Please remember we are modified our signals at the time of event announcement if necessary in our Signals Session.

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