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EURUSD: Broader Bias Continues To Point Lower

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 2, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EURUSD: The pair may have closed flat the past week, a sign of price exhaustion but it still holds on to broader downside bias. Support is located at the 1.0950 level But if violated, expect more weakness to occur towards the 1.0896 level. Further down, support lies at the 1.0850 level where a violation will aim at the 1.0800 level. A break of here will aim at the 1.0750 level with a turn below that level targeting the 1.0700 level. Its weekly RSI I bearish and pointing lower supporting this

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