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EURUSD: Eyes Key Support At The 1.0710 Area

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 1, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD: With EUR taking back most of its earlier gains for the week to close marginally higher on Friday, EURUSD eyes key support at the 1.0710 area. On the downside, support is located at the 1.0750 level and if violated, expect more weakness to happen towards the 1.0700 level. Further down, support lies at the 1.0650 level where a violation will aim at the 1.0600 level. A break of here will aim at the 1.0550 level. Its weekly RSI is bearish and pointing lower supporting this view. On the

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