EURUSD Faces Bear Threats

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 12, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EURUSD: Although holding on to its upside offensive, its loss of upside momentum is suggestive of a return to the downside. Support lies at the 1.1250 level. Further down, support lies at the 1.1200 level where a violation will aim at the 1.1150 level. A break of here will aim at the 1.1100 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, on the upside, resistance comes in at 1.1350 level with a cut through here opening the door for more upside

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