EURUSD Cracks Psychological 1.1000 Support, Bears Focus 1.0950/09 Targets

Discussion in 'Technical Analysis' started by Kaitlin, Oct 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Euro pressures psychological 1.1000 support on strong bearish sentiment, signaled by long red candles of past three days. Also, Wednesday's close below 1.1048 (Fibo 76.4% of 1.0950/1.1365 rally, confirmed strong bearish stance. Probes below 1.1000 handle are under way, with firm break lower to expose key supports at 1.0950[​IMG]

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