Friday 6 November 2015

EUR/USD.....



EUR/USD .... Started Falling After Breaking the Trendline and Accelerated to 1.08050 odd levels. 

The Pair still hasn't Retested the Broken Trendline and Now Trading Near a Big Support. The Support Levels can be seen on Chart in Red Colored lines and Values on the right hand side. 

If the Support Hold good, We expect a reversal and retesting move upto 1.1120 level. If Price gets Rejeted from 1.1120, We may assume that the Downtrend in the pair is still valid and can be continued below current levels. It's Important to see if 1.0810 level is hold for and some reversal is signaled by the pair. We may enter Longs if the 1.0810 level holds on daily closing basis. 

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