FX_IDC:EURUSD   EURO / US DOLLAR
Euro's multiple failed attempts to hold above 1.12 followed and a exhaustion near long standing resistance at 1.1236 (38.2% of 1.0463-1.1714) if followed by a break below two rising trend line support on the daily chart - 1.1150 and 1.10 -0 would signal the downtrend from the high of 1.1616 has resumed.

In such a case, support at 1.10 stands exposed.

However, bears need to watch out for a rebound from anywhere between 1.1140-1.1160 as that could translate into inverse head and shoulder formation as discussed here in the post titled "EUR/USD - Possible inverse head and shoulder".
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out