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EURUSD: Downside Risk Builds Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 13, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD: EURUSD continues to hesitate having rejected higher level prices to close lower on Tuesday. This development leaves it targeting further weakness on correction. Support lies at the 1.1350 level where a violation will aim at the 1.1300 level. A break of here will aim at the 1.1250 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, on the upside, resistance comes in at 1.1450 level with a cut through here opening the door for more upside towards the

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