EURUSD: Bear Risk Builds Up On 1.0710 Zone

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 25, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    EURUSD: With EURUSD closing lower the past week, bear risk builds up on 1.0710 level. On the downside, support is located at the 1.0710 level and if violated, expect more weakness to happen towards the 1.0650 level. Further down, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, resistance is comes at 1.0850 level with a cut through here

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