Analysis Monthly Dollar Euro  for the month of September 14

The euro continued its downward trend with a low of 1.2569 and closed at 1.2631.

In the month of October 14 the euro will return ‘on the media prior to 1.2750 and then at 1.3080.

Insights the Gann’s theory:

In September 2014, the euro continued its corrective action broke down in August 2014 is  the angle 1×1 zero, with a bottom at 1.2569 and closed at 1.2631.

The month of October 2014 is  ‘Set Up: Break of 1.2549 will confirm the’ further negativity with a P / T and Dynamic Support monthly near 1.24 and the next support at 1.1960

Since ‘September 2014’ was a first squaring closing and in November 2014 also has important temporal signal, the negative action of the euro could temporarily stop the dynamic support to recapture in a first phase the break of support at 1.2750 static and then 1.3080 , zero angle 1×1.

Massetti Francesco

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FRANCESCO MASSETTI