Euro touches descending channel’s ceiling – Technical Analysis – 25-11-2015

The EURUSD pair rose recently among volatility, to touch the descending channel’s resistance that carries the short term trading, accompanied by touching the moving average 50, which adds more negative pressure on the coming trading, especially with the negative signals that come from stochastic.

Therefore, the decline will be expected as long as the price is below 1.0705, targeting 1.0528 support level.