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EURUSD: Sees Bear Pressure With Price Extension Risk

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 26, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD: A large sell-off the past week now left EUR testing its key support located at the 1.1016 level. However, this level should provide a temporary support causing a corrective recovery. But if violated, expect more weakness to occur towards 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 with a turn below that level targeting the 1.0750 level. Below here will shift attention to

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