EUR/USD breached 2015 trend-line

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD breached 2015 trend-line “It seems that momentum is certainly on the side of being short the euro right now and long the dollar.” - Chapdelaine & Co (based on Bloomber Pair’s Outlook EUR/USD prolonged a sell-off below the major upward-sloping 2015 trend-line. On top of that, the monthly S1 at 1.1022 was penetrated as well, but the cross managed to remain above the important psychological level of 1.10. The monthly S2, which is strengthened by the weekly S1,

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