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EURUSD : Bears Could Push Price Lower

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 23, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD was higher last week and it finally moved up to 1.1460-1.1500 area with subwave C) that represents final leg within a three wave recovery. As such, despite higher prices traders must be aware of a bearish continuation this week especially as decline from 1.1714 was made in five waves, so main trend for EURUSD remains down. However, break beneath 1.1300 is needed for final bearish confirmation. EURUSD, 4h

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