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EURUSD: Tumbles On Heavy Sell Off, Stays Below 1.0807

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 9, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EURUSD: The pair witnessed a sharp sell off the past week cutting through its key support the 1.0818/08 zone. This development leaves EUR lower as we enter a new week. It will have to maintain below the mentioned support turned resistance to prevent any bullish offensive. But beware of a recovery higher following such a sell off. Support is located at the 1.0700 level but if violated, expect more weakness to occur towards the 1.0650 level. Further down, support lies at the 1.0600 level where a

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