New lows for the EURUSD

Technical Analysis

Author: Greg Michalowski | eurusd

Looks to test the April 10 low

The EURUSD is trading to a new session low. The price has just reached 1.1230. The next target is the low from April 10 at 1.12291. Below that the pair will look toward the 1.1209-156.  

Looks to test the April 10 low
Drilling to the 5-minute chart below, the pair tumble lower, and has slowed the fall since the earlier fall.   The 100 bar MA lags behind. A move above that MA would muddy the bearish waters a bit (also above the topside trend line).  Conversely, a move below the lower trend line would be more bearish.   

EURUSD on the 5 minute remains below the 100 bar MA.

ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose