Euro takes out another support level. Next stop, 1.05

FX:EURUSD   Euro / U.S. Dollar
37 0 0
In Tuesday's session we saw Euro             take out the 1.0660 support level it's been flirting with since 11/10 after having broken out of last week's consolidation zone. Today's support breach confirms the downtrend. Besides the psychologically "important" level of 1.0600, it's pretty smooth sailing down to 1.0500. We'll run into a fib extension at 1.0551, where we'll look for a possible bounce to add to the short side.

Prior declines confirm that both the speed and distance of the current decline aren't approaching extreme levels. Moreover, that targeting 1.05 by end of next week isn't pushing it.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out