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Morning technical analysis – 14 October 2013

From alpari.co.uk

EURUSD The euro gapped higher over the weekend, following another round of unsuccessful talks in the US over the debt ceiling. We saw more interest in the dollar at times last week, but that appears to be waning again this morning. The pair is trading relatively flat this morning, but I expect to see further weakness in the dollar as we near the 17 October deadline on the debt ceiling. The pair found strong support in the second half of the week, around 1.3520, where the middle bollinger band intersects the ascending trend line, dating back to 25 September. This morning, it is finding resistance around 1.3565, from ... (full story)

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