ACTIV8X

EurUsd: Blueprints 1.

FX:EURUSD   Euro Fx/U.S. Dollar
73 0 2
The EurUsd             is still falling, however, the bearish movement is losing its momentum , as the parity was gaining support around the 1.05933 support level . Breaking out 1.05685 will send the EurUsd             south, where it will seek lower lows around 1.051050, with 1.05352 as a primary objective.

The Main Trend remains bearish ahead of the ECB's meeting on the 3rd of December, where a cut in interest rates and an expansion of the bond purchasing program are anticipated.

On a daily scale, a breakout of 1.06379, would send the EurUsd             back towards 1.06948, with 1.06692 as a primary objective, although the ECB's meeting will result in another cycle of a weaker Euro            

The daily Pivot Point is around 1.05986. The daily support levels are around 1.05592 and 1.05292. The daily resistance levels are around 1.06286 and 1.06680.
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