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Technical considerations warn of scope for additional USD losses

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Until last week, the direction of the EURUSD was debatable from a chartist point of view. From today's perspective, the recent break above channel resistance – connecting the August 24 and September 18 spike- offered the awaited directional clues, i.e. upward. Oscillators are far from overbought, providing room for appreciation. The breakout occurred in a low volatility environment which on the other hand should not be regarded as an offsetting argument. As long as market participants show

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