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EURUSD – Retest of 1.10 Likely?

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Key Highlights Euro after trading lower towards 1.0890 found support and is currently moving back higher against the US Dollar. There is a bullish trend line formed on the hourly chart of the EURUSD pair, which is acting as a support in the short term Chinese Caixin China Services PMI™, released by Markit Economics came in at 48.3 in September 2015, which was more than the forecast of 47.5. EURUSD Technical Analysis The Euro nosedived against the US Dollar to trade lower by more than 200 pips

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