EURUSD Technical Analysis For 23rd October 2015 | 23 Outubro 2015
23 Outubro 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
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.