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29 Dec 2014
EUR trying to recover – Vladimir Mihaylov
FXStreet (Barcelona) - Independent Analyst, Vladimir Mihaylov, sees EUR trying to recover, and notes that the downside for the EUR/USD pair might be restored in the beginning of 2015.
Key Quotes
“EUR starts the last week of the year with hopes for some recovery to the upside. H1, H4 and Daily indicators show a process of weak recovery has started with first target between 1.2250-1.2300. Any H4 drop below 1.2185 will restore the downside move.”
“Weekly indicators are still negative with target 1.2060 still unreached, this may happen in the beginning of 2015 but first we need to break below 1.2160.”
Key Quotes
“EUR starts the last week of the year with hopes for some recovery to the upside. H1, H4 and Daily indicators show a process of weak recovery has started with first target between 1.2250-1.2300. Any H4 drop below 1.2185 will restore the downside move.”
“Weekly indicators are still negative with target 1.2060 still unreached, this may happen in the beginning of 2015 but first we need to break below 1.2160.”