Euro breaks key support – Technical Analysis – 29-10-2015

The EURUSD pair fell yesterday after forming the negative pattern that agreed the main bearish trend as we mentioned previously, and the price fell after breaking this pattern’s support, to break 1.0940 key support that represents 61.8% Fibonacci level for the bullish wave measured from 1.0462 to 1.1713, settling below it to hint more decline in the coming trading.

Therefore, we expect more bearish actions today, targeting 1.0850 support level.