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Forex technical analysis: Next EURUSD target reached. Can the selling keep going?

Discussion in 'Technical Analysis' started by ForexLive, Jan 5, 2016.

  1. ForexLive

    ForexLive Forum Member

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    61.8% at 1.0725 broken. The EURUSD continues the trend lower. Retracement off the earlier NY session lows could only get up to the 1.0757 level. The pair moved below support at the 1.0788 level earlier today (). The next target is down toward the 1.0684-92 area. This was lows/highs from back in November. The first peak on ECB day back on December 3, reached 1.0688. That is the area to target now.

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