Sforex
Short

EURUSD: Test 2 month low, Could it test 6 month low ?. Likely

FX:EURUSD   Euro Fx/U.S. Dollar
179 0 0
- Fundamental Analysis

ECB last week sent a strong signal to FX market that they willingly act if necessary.

Market chose a trend for EURUSD             : Bearish trend .

EURUSD             fell more than 350 pips and now test 1.100 level; this is a strong support ( two month low) .

This week, the main focus are:

- US GDP
- US Durable Good Orders
- EZ CPI            

I analiyze data in my page, check here:

https://www.facebook.com/trackingforexsignals/photos/a.236949066483904.1073741828.236360823209395/492225304289611/?type=3&theater

I support continued downtrend of EURUSD            

- Next strong support at 1.0800 ( 6 month low). I wonder the trend line I draw on the chart, could it be a trend line break ?

If this is a real break, I think the door to 1.0800 is opened.

1.0800 is the level I choose this week.
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