EURUSD skids - Technical Analysis - 14-04-2016
EURUSD slid in the intraday levels, after exiting that ascending price channel that limited its previous short-term movements as shown in the attached chart, with ongoing negative pressure from the SMA50, doubling the negative pressures on the pair, which led it to more tumbles, breaching the important support of 1.1340.
Therefore we expect more losses to come for the pair, targeting the support of 1.1220.
Trend
Bearish