Eurusd Continues To Push Lower On Bearishness

Discussion in 'Forex - Currencies Forums' started by FXTechstrategy, Sep 26, 2017.

  1. FXTechstrategy

    FXTechstrategy Senior Investor

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    EURUSD: With the pair weakening on Monday and following through lower during Tuesday trading session, further bearishness is expected in the days ahead. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break will expose the 1.2000 level. Conversely, support lies at the 1.1750 level where a violation will aim at the 1.1700 level. A break of here will aim at the 1.1650 level. Below here will open the door for more weakness towards the 1.1600. All in all, EURUSD faces further corrective weakness threats

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  2. longtermbull

    longtermbull Administrator Staff Member

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    Starting to look like a head and shoulders type pattern. Short term weakness expected?
     
  3. Shibu Lavin

    Shibu Lavin Senior Investor

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