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EURUSD Follows Through Lower, Sets Up For 1.0900 Level

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 4, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD: EUR continues to look weak and vulnerable to the downside. It is currently weakening following through lower on the back of its Monday losses. Nearby support is located at the 1.0950 level with a break turning risk further lower towards the 1.0896 level. Further down, support lies at the 1.0850 level where a violation will aim at the 1.0800 level and subsequently the 1.0750 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, resistance is comes at

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