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EUR/USD: Mild Historic Support Breached

Published 03/10/2015, 05:55 AM
Updated 07/07/2019, 08:10 AM


The EUR/USD pair has continued lower, breaking below mild historic support at 1.0762 and continuing down. It is in such a strong down-trend that it is expected to continue falling lower.


The next target is situated at more substantial support from the down-sloping lower channel line of a descending channel visible on the monthly chart at 1.0650 – or thereabouts. If the pair breaks below today's 1.0734 lows that will probably confirm a move down to the 1.0650 target.
EUR/USD 4-Hour Chart

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