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EUR/USD in a doji and immersed in uncertainty

FXStreet (Barcelona) - EUR/USD is trading at 1.2673, up 0.21% on the day, having posted a daily high at 1.2696 and low at 1.2635.

EUR/USD is placed at R1 and quiet ahead of the closing hours of this week’s session with the doji formations of yesterday and today telling us that this is nondirectional for now. Up ahead, and cause for an air of caution in the pair, we have the uncertainty around the weekend release of the bank stress tests. Throughout the media around this subject, there are a number of reports on the breakdown in the relationships between the Bundesbank’s Weidmann and the ECB’s President Draghi so we will se how this plays out, but without a doubt, next week is going to be all systems go with a number of events to keep traders glued to their screens. The FOMC showdown and announcements on the 29-30th October will remain the focus into the middle of next week.

EUR/USD noteworthy levels

With spot trading at 1.2673, we can see next resistance ahead at 1.2677 (Yesterday's High), 1.2677 (Daily Classic R1), 1.2696 (Daily High), 1.2702 (Hourly 100 SMA) and 1.2709 (Daily Classic R2). Support below can be found at 1.2660 (Hourly 20 EMA), 1.2646 (Daily Open), 1.2646 (Weekly Low), 1.2646 (Daily Classic PP) and 1.2635 (Daily Low).

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