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EUR/USD: Outlook Slips As Trend-Line Breached

Discussion in 'Technical Analysis' started by Kaitlin, May 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Positive streak of US data resulted in a drop from the monthly pivot point at 1.1376 on Friday. EUR/USD slid below the 1.13 marker and reached the monthly S1 at 1.1288, but the loss was contained here and the pair closed the session at 1.1309. Nonetheless, the rate confirmed the[​IMG]

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