_20140915021115.png "EUR/USD: Daily")
EUR/USD: Daily
Careful, euro bears! EUR/USD is approaching a long-term support area near the 1.2800 major psychological level. That’s around 150 pips from its current levels, which suggests that the pair might still have enough momentum to head lower. Stochastic is already indicating oversold conditions and is starting to move higher, which means that a bounce might take place sooner or later. In that case, EUR/USD might have a shot at recovering back to the 1.3000 major psychological level. Do watch out for a potential downside break though!
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