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EURUSD Threatens Trendline Resistance On Recovery

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 28, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD: With EUR continuing to trade and hold above the 1.0777/1.0800 zone but maintaining upside bias, further recovery higher is envisaged. Support lies at the 1.0850 level. Further down, support lies at the 1.0800 level where a violation will aim at the 1.0750 level. A break of here will aim at the 1.0700 level. Conversely, on the upside, resistance comes in at 1.0950 level with a cut through here opening the door for more upside towards the 1.1000 level. Further up, resistance lies at the

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