EURUSD Technical Analysis For 22nd October 2015 | 22 Octubre 2015
22 Octubre 2015, EUR/USD
.png "EURUSD Technical Analysis For 22nd October 2015")
Technical view:
EURUSD is currently trading with a bearish bias. The pair bounced off from a very significant key resistive level 1.1360 and is currently headed short, We anticipate further downward movements following the previous day's exhaustion candle, The entire yesterday's candle was an exhaustion. This downward movement is supported by the fact that, other positively correlated pairs such as AUD/JPY and EUR/JPY are all giving short signals. Thus short positions will be ideal for today's trades.
Trade Recommendations:
As long as the pair trades below 1.1351, short positions will be ideal for trading but with stops at 1.1293, and the next stop at 1.1254.
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.
