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TipTVFinance
May 6, 2016 12:55 PM

EUR/USD - selling to gather pace below 1.14 

Euro Fx/U.S. DollarFXCM

Description

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But now, the pair looks shaky.

  • Having failed to sustain above 1.1465, the currency pair is at risk of losing further ground towards 1.14 levels.

  • A break below 1.14 would add credence to bearish move from daily highs and open doors for a drift lower to 1.1330 (minor rising trend line hurdle on the daily chart).

  • Bulls need a daily closing above 1.1465 levels
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