Although short-term trend in the euro / dollar bearish, it is corrective in nature rather than impulsive, with such a view does not exclude the pair falling to $ 1.4447. In the short term break week downtrend channel to ease pressure on the single currency, but in order to be able to talk about the possibility of more active growth (the fourth wave of growth from $ 1.3834), bulls need a confident break above $ 1.4674.
Resistance
$ 1.4723 61.8% from the movement of $ 1.4844 - $ 1.4527, the area of consolidation
50% $ 1.4686 $ 1.4844 from motion - $ 1.4527,
$ 1.4674 neckline of the head and shoulders on the hourly chart
Current euro / dollar: $ 1.4633
Support:
$ 1.4601 20-day moving average
$ 1.4576 former resistance of the channel, at least on Sept. 30
$ 1.4527 at least September 29
Resistance
$ 1.4723 61.8% from the movement of $ 1.4844 - $ 1.4527, the area of consolidation
50% $ 1.4686 $ 1.4844 from motion - $ 1.4527,
$ 1.4674 neckline of the head and shoulders on the hourly chart
Current euro / dollar: $ 1.4633
Support:
$ 1.4601 20-day moving average
$ 1.4576 former resistance of the channel, at least on Sept. 30
$ 1.4527 at least September 29
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