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EURUSD Technical Analysis For 26th October 2015

EURUSD Technical Analysis For 26th October 2015 | 26 October 2015

26 October 2015, EUR/USD

EURUSD Technical Analysis For 26th October 2015
Technical View:
EUR/USD is currently trading with a bearish bias. The pair bounced off from 1.1383, and continued short as previously forecasted, the pair continued short and even broke below a very significant support trend line and is currently trading below it. We expect further downward movements since the previous candle is pretty much bearish, furthermore, Other positively correlated pairs such as EUR/GBP, and EUR/CHF are very bearish and are already trading below very significant support levels. Ideally, wave (c) should close lower at 1.08697.
Trade Recommendations:
If you haven't sold the pair already, wait and sell 1.1045, but with stops at 1.1092, and the next stop at 1.086
Bob Stan
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