EURUSD Technical Analysis - Uniglobe Markets

EURUSD Technical Analysis

Posted on novembre 1, 2018 at 06:15

The decline of the EUR / USD exchange rate to levels below 1.1310 and stability below the mentioned level may cause the downside move to reach 1.1200

There is an increase in bearish forces, and trading below the moving averages is also supportive of negativity. Expecting attempts to fall towards 1.1200 as the first target, a breach of 1.1360 will make us concerned about these negative expectations.

Support: 1.1250 – 1.1180

Resistance: 1.1375 – 1.1400

Trend: The pair is trading below 1.1310 targeting the 1.1200 level as long as 1.1360 remains intact

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