EURUSD continues to head lower; falling 10SMA maintains downmove

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro remains under strong pressure and heads south, following yesterday’s repeated upside rejection at 1.1029, which was capped by falling daily 10SMA. Fresh weakness that closed below 1.10 handle, looks for full retracement of 1.0895/1.1071 correction and resumption of larger bull-leg off 1.1494, peak of 15 Oct. Today’s fresh weakness dented very significant support at 1.0950, monthly bearish wedge support, clear break of which would trigger more significant downside, similar to

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