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EUR Trading Outlook


 
20.11.2014-17.11.2014 13.11.2014-10.11.2014 6.11.2014-4.11.2014 31.10.2014-27.10.2014 24.10.2014-20.10.2014 17.10.2014-13.10.2014 10.10.2014-8.10.2014 3.10.2014-29.9.2014 26.9.2014-22.9.2014 19.9.2014-15.9.2014 12.9.2014-8.9.2014 4.9.2014-1.9.2014 29.8.2014-25.8.2014 22.8.2014-18.8.2014 15.8.2014-11.8.2014 8.8.2014-4.8.2014 1.8.2014-28.7.2014 25.7.2014-21.7.2014 18.7.2014-14.7.2014 11.7.2014-7.7.2014 3.7.2014-30.6.2014 27.6.2014-23.6.2014 20.6.2014-16.6.2014 13.6.2014-10.6.2014 4.6.2014-2.6.2014 28.5.2014-26.5.2014 23.5.2014-19.5.2014 16.5.2014-12.5.2014 9.5.2014-5.5.2014 2.5.2014-28.4.2014 25.4.2014-22.4.2014 18.4.2014-14.4.2014 11.4.2014-7.4.2014 4.4.2014-31.3.2014 28.3.2014-24.3.2014 21.3.2014-17.3.2014 14.3.2014-10.3.2014 6.3.2014-3.3.2014 28.2.2014-24.2.2014 21.2.2014-17.2.2014 14.2.2014-10.2.2014 7.2.2014-3.2.2014 31.1.2014-27.1.2014 24.1.2014-20.1.2014 17.1.2014-14.1.2014 8.1.2014-8.1.2014 3.1.2014-23.12.2013 19.12.2013-16.12.2013 13.12.2013-9.12.2013 6.12.2013-2.12.2013 29.11.2013-25.11.2013 22.11.2013-20.11.2013 1.11.2013-28.10.2013 25.10.2013-21.10.2013 18.10.2013-14.10.2013 11.10.2013-7.10.2013 2.10.2013-30.9.2013 27.9.2013-16.9.2013 13.9.2013-11.9.2013 23.8.2013-12.8.2013 9.8.2013-5.8.2013 30.7.2013-29.7.2013 25.7.2013-22.7.2013 18.7.2013-15.7.2013 12.7.2013-9.7.2013 28.6.2013-24.6.2013 21.6.2013-19.6.2013 7.6.2013-3.6.2013 31.5.2013-28.5.2013 23.5.2013-20.5.2013 17.5.2013-14.5.2013 10.5.2013-6.5.2013 2.5.2013-30.4.2013 26.4.2013-22.4.2013 16.4.2013-16.4.2013 10.4.2013-25.3.2013 21.3.2013-19.3.2013 15.3.2013-11.3.2013 7.3.2013-4.3.2013 1.3.2013-25.2.2013 22.2.2013-18.2.2013 15.2.2013-12.2.2013 8.2.2013-4.2.2013 1.2.2013-28.1.2013 25.1.2013-21.1.2013 18.1.2013-14.1.2013 11.1.2013-7.1.2013 4.1.2013-2.1.2013

1st November

The market is looking to test hourly lows near .9440 and the next AUD/USD support levels below there are at .9420 and .9390 (see chart).  The medium-term trend is bullish but the short term trend is bearish. I still have a strong bias towards buying-big-dips but with no sign of any short term base emerging, I will need to stay patient. Resistance levels are now strengthening at .9520/30.

31th October

The break below Fibo support at .9460 (albeit a marginal one so far) has the overall picture looking slightly more bearish and selling rallies back towards the previous pivot at .9520 makes excellent sense (see chart).

30th October

The clean break below .9520 has given the dailies a more bearish feel and this level now provides initial intraday resistance. There is some decent technical support nearby at .9460 (see chart) but a clean break below there opens the way for .9350 at least.

29th October

Previous highs and a 50% retracement level will offer strong support near .9520 (see chart) and a clean break below there would suggest that the top near the 200-dma is a strong one indeed. Resistance levels are firming on the short-term charts near .9620.

28th October

The important technical levels are very clear to see on the daily (see chart) with support now at previous resistance levels near .9510/20 and resistance at .9715/40. Patience is required inside of this range and the shorter-term support/resistance levels are now to be found at .9570/.9670.


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