EURUSD Technical Analysis For 23rd October 2015 | 23 اكتوبر 2015

23 اكتوبر 2015, EUR/USD

Technical View:

EUR/USD is currently trading with a bearish bias. The pair traded short as previously forecatsed and even reached a key support trend line. We are waiting for a clear movements below this trend line before we continue short. However, we expect further downward movements. This downward movement is highly anticipated since other positively correlated pairs such as CHF/JPY and EUR/CAD are giving perfect downward movement signals.

Trade Recommendations:

Remain flat for now, but wait for a clear break below the support trendline, then sell but with stops at 1.10071, and the next stop at 1.092

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.

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Bob Stan

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