MARKET ANALYSIS - Intraday Analysis EUR/USD 10 October - TopicsExpress

MARKET ANALYSIS - Intraday Analysis EUR/USD 10 October 2014 Upwards scenario: Further upwards formation is limited to resistive measure at 1.2719 (R1). A break above it would suggest next intraday target 1.2750 (R2) and if the price holds its momentum we can expect price increase towards to final resistance at 1.2780 (R3). Downwards scenario: However, retracement formation from the initial upwards structure is possible today. Positive retest of our initial support level at 1.2664 (S1) is liable to open road towards to interim target at 1.2633 (S2) and final aim could then be triggered at 1.2604 (S3). Resistance Levels: 1.2719, 1.2750, 1.2780 Support Levels: 1.2664, 1.2633, 1.2604

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