EURUSD’s fall from 1.1147 extended to as low as 1.0727. As long as the price is below the falling trend line, the downside movement could be expected to continue, and the next target would be at 1.0635.
EURUSD’s fall from 1.1147 extended to as low as 1.0727. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue, and the next target would be at 1.0635. On the upside, a breakout of the trend line resistance would indicate that the fall from 1.1147 is complete, and then another rise towards 1.1147 resistance could be seen.
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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