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Forex technical analysis: EURUSD breaks to new session/ week lows

Discussion in 'Technical Analysis' started by ForexLive, Aug 26, 2016.

  1. ForexLive

    ForexLive Forum Member

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    London traders exiting. Fischer speaking The EURUSD has moved to new session lows and in the process is falling below support area at the 1.1239 to 1.1245 area. The break should keep the pressure on the pair with another strong support target at the 1.12181 to 1.12207. This area is where the 100 bar moving average on the 4-hour chart and the 100 day moving average are currently located. I would expect traders to lean against these levels on a test.

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