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EURUSD






4/16/2015 2:53:44 AM

EURUSD - Technical Analysis: Thursday, 16/04/2015 06:53 GMT



The recent rise pushed the EURUSD pair to retest the previously broken neckline of the double top pattern, to keep the bearish bias valid until now.

The exponential moving averages 50 and 100 continue to push negatively on the price, and stochastic still negative.

The main descending channel still dominant, and hints to continue the main bearish trend.


Target
Risk


Support
Resistance


Trend Bearish

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