EUR/USD’s downside movement from 1.1879 extended to as low as 1.1574. Further decline could be expected after a minor consolidation. The next target would be at the resistance-turned-support trend line on the weekly chart now at around 1.1400.
EUR/USD’s downside movement from 1.1879 extended to as low as 1.1574. Further decline could be expected after a minor consolidation.
The next target would be at the resistance-turned-support trend line on the weekly chart now at around 1.1400. Resistance is at 1.1645, followed by 1.1685. As long as these levels hold, the downtrend will continue.
Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you.
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