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Chart Of The Day: Descending Trend-Line Restricted Immediate EURUSD Up-Move

Discussion in 'Technical Analysis' started by Kaitlin, Dec 30, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Although 1.0790 1.0800 horizontal support continues to limit the EURUSD's near-term downside, the descending trend-line resistance, which connects October and mid-December highs, around 1.0980-85, restricts the pair's immediate advance, favoring a pullback to 1.0850 support, breaking which it can re-test 1.0790 1.0800 support-area. Should the pair dips below[​IMG]

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