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EURUSD: Loses Upside Momentum, Weakens

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 9, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EURUSD: With EURUSD losing upside momentum to close marginally lower on Tuesday and following through lower during early trading on Wednesday, it faces further downside pressure. Support lies at the 1.0950 level. Further down, support lies at the 1.0900 level where a violation will aim at the 1.0850 level. A break of here will aim at the 1.0800 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, on the upside, resistance comes in at 1.1050 level with a cut

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