EURUSD: Cuts Through The 1.1016/17 Zone, Remains Susceptible

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 29, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EURUSD: With pair weakening strongly following its sell off through the 1.1016/17 levels on Wednesday, further downside pressure is envisaged. While EUR holds below the mentioned broken support, we look for weakness the 1.0850 level where a violation will aim at the 1.0800 level. A break of here will turn risk towards the 1.0750 level with a move below that level targeting the 1.0700 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance is seen at

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