EURUSD has broken below the rising support.
The pair after a strong bullish trend has also closed below 50SMA.
The pair now trading below 0.23 fib level.
The broken rising support, Fib level, Horizontal resistance and 50SMA is hurdle for upside bullish trend.
The price may fall to a resistance turned support around 1.0195.
The broken below this support will bring bears in complete control and next possible target could be 200SMA at 0.9970.
Manage your trades accordingly.
The pair after a strong bullish trend has also closed below 50SMA.
The pair now trading below 0.23 fib level.
The broken rising support, Fib level, Horizontal resistance and 50SMA is hurdle for upside bullish trend.
The price may fall to a resistance turned support around 1.0195.
The broken below this support will bring bears in complete control and next possible target could be 200SMA at 0.9970.
Manage your trades accordingly.
