EURUSD – Sellers Eye Break and Downside Move

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Key Highlights Euro traded higher this past week, but the upside move remains at a risk as sellers started to step in. The EURUSD pair has formed a bullish trend line on the hourly chart, which is currently providing support. Today, a low risk event, which is the Sentix Investor Confidence will be released by the Sentix GmbH. Moreover, the Spanish Industrial Output will be released by the National Institute of Statistics, which is forecasted to increase by 4.3%. EURUSD Technical Analysis The

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