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EURUSD: Faces Additional Recovery Threats On Price Failure

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 11, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD: Having rejected lower level prices to close higher on a rejection candle the past week, EURUSD faces additional recovery threats. On the down, support is located at the 1.0850 level and if violated, expect more weakness to happen towards the 1.0795 level. Further down, support lies at the 1.0750 level where a violation will aim at the 1.0700 level. A break of here will aim at the 1.0650 level. Its weekly RSI is bullish and pointing higher suggesting further upside. On the upside,

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