FXHighway

Euro breaks major support lines ..

Short
FX:EURUSD   Euro / U.S. Dollar
1
Target: 1.1600
Risk: 1.2150

Technical Reasons:

The descending channel’s support was broken, and the price falls under more negative pressure that comes from the exponential moving average 50.

The bears’ power indicator rises, and we are waiting the bearish wave to extend towards 1.1600 areas.

http://www.fxhighway.com
https://www.facebook.com/fxhighwaycom/
https://twitter.com/
https://plus.google.com/1054273159616772...

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.