unique4x
Long

Let's See If 1.10700 Can Hold For EURUSD

FX:EURUSD   Euro / U.S. Dollar
Monitoring support at 1.1070.

EUR/USD             keeps on pushing lower. The short-term
technical structure suggests a further
bearish move. Hourly support at 1.1070
(04/02/2016 low) has been monitored. Hourly
resistance lies at 1.1260 (10/02/2016 high).

• In the longer term, the technical structure
favors a bearish bias as long as resistance
holds. Key resistance is located region at 1.1453
(range high) and 1.1640 (11/11/2005 low) is likely
to cap any price appreciation. The current
technical deterioration favors a gradual
decline towards the support at 1.0504
(21/03/2003 low).

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