EUR/USD Outlook For October 17, 2014

After its almost non-stop downmove to 1.25, EUR/USD has been showing some strength in the last couple of days. It may find some resistance @ 1.2840 and 1.29. There is short-term technical support @ 1.2750 and 1.2690. If this level is lost, the daily trend will become negative again.

EUR/USD, 5-hour chart:

EURUSD(5 Hours)20141017

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

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