EUR/USD Outlook For October 13, 2014

The EUR finally had an upweek after a long time. It made an intraday high of 1.2790 at some point but could not hold on to its gains and closed the week a few pips above short-term support of 1.26. If this level is lost, a re-test of the two year lows @ 1.25 will provide some relief to Euro buyers.

EUR/USD, 5-hour chart:

eurusd

Chart courtesy of Investing.com. http://Investing.com

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