More swing down for EURUSD. Looking at 1.15878**
-Closed below the median line and first support has been breached. We are looking at possible testing of 1.15878 which is the lower line of the fork.
-1.17 has to break decisively and coupled with more turmoil in Europe, possibly that this pair will be BEARISH for the next few weeks. Overall still in the BULLISH trend, otherwise we can look to long at 1.15878 as we are BULLISH on the longer term.
-1.17 has to break decisively and coupled with more turmoil in Europe, possibly that this pair will be BEARISH for the next few weeks. Overall still in the BULLISH trend, otherwise we can look to long at 1.15878 as we are BULLISH on the longer term.
Commentaire:
We are still at a strong support level but overall it closed lower showing signs of more BEARISHNESS.