Яндекс.Метрика EURUSD traders stick a toe in the water near a couple support targets, but find sellers still in control ⋆ Technologies of the future for life!
Home / Forex Treiding / EURUSD traders stick a toe in the water near a couple support targets, but find sellers still in control

EURUSD traders stick a toe in the water near a couple support targets, but find sellers still in control


  • share

Next target broken and send the price to new lows as the London/Europe market works toward the close.

The EURUSD continues to press lower, now falling below the underside of the broken trend line and the swing area at 1.1321-25. 

Sellers have been in control since the high at 1.1400 stalled the early session high.
The price moved below the 50% and 200 hour MA (green line).  Then the 100 hour MA.   The fall below the old trend line and the swing area now makes that area a risk level for shorts. Stay below, the bears are in control.
The 1.1300 level will be the next target on more selling.

ForexLive

About SkyNET

Leave a Reply

Your email address will not be published. Required fields are marked *