Australia's largest stock trading and investment forum Australia's #1 stock forum

EUR

Click for more information

0.00%

0.8987 euro

EURUSD: Sees Price Extension On Bear Pressure, page-2

First 2 Last

Share
Profile

Follow
phases1

16 Posts.

29/11/16

00:42

Post #: 20948702
Share

Originally posted by FXTechstrategy ↑

EURUSD: The pair weakened further the past week leaving risk lower in the new week. On the down, support lies at the 1.0550 level where a violation will aim at the 1.0500 level. A break of here will aim at the 1.0450 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at 1.0650 level with a cut through here opening the door for more upside towards the 1.0750 level. Further up, resistance lies at the 1.0800 level where a break will expose the 1.0850 level. All in all, EURUSD faces further downside pressure in the new week.

Expand

Hey thanx for the write up, I traded the eur USD tonight, thought I'd share the thrill of it... sometimes I do loose

Price at posting: 0.9440 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ALY

Alcidion inks deal with Vic health provider Peninsula for use of Miya Precision tech

First 2 Last

Add EUR (FOREX) to my watchlist