Euro breaks a negative formation support – Technical Analysis – 22-10-2015

The EURUSD pair declined to settled below 1.1350 level again, facing negative pressure comes by the moving average 50, which pushed the price for more decline to break the support line of the negative symmetrical triangle’s formation, accompanied by negative signals from the relative strength indexes, which make us expect more decline in the coming periods.

Therefore, we are waiting to target 1.1305 support level in the coming session.