EURUSD: Sets Up For More Bear Pressure

19 thg 10, 2015

EURUSD: Having EUR closed slightly lower the past week on a rejection candle print, it faces additional weakness in the new week. This view remains valid as long as the pair can trade and hold below its key resistance zone at 1.1459/94 level. Support lies at the 1.1300 level.

EURUSD STRATEGY:
Sell at 1.1357
Stop Loss at 1.1429
Price target at 1.1263 & 1.1180