Next step taken. Can the EURUSD stay below the broken support now?

Discussion in 'Technical Analysis' started by ForexLive, May 12, 2016.

  1. ForexLive

    ForexLive Forum Member

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    and take the next steps... The EURUSD has now broken trend line support and the 100 bar MA on the 4- hour chart. The 100 hour MA was broken earlier. The next target is the 1.1367 level, followed by the 200 bar MA on the 4-hour chart at the 1.1360. The low for the week is at the 1.1357 level.

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  2. Eliza Abrams

    Eliza Abrams Well-Known Member Trader

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    I doubt it, range continues and we'll probably see it bounce back to 1.1500.
     

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