EUR/USD: further break down of 1.0810 will continue downtrend to 1.0710

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 31, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Main scenario: The pair is trading along an downtrend, that may be expected to continue in case the market drops below support level 1.0810, which will be followed by reaching support level 1.0710. Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1.0860, which will be followed by moving up to resistance level 1.0940.

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