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4/15/2016 5:00:44 AM

EURUSD keeps falling - Technical Analysis - 15-04-2016



EURUSD kept falling in the intraday levels, which comes amid mounting negative pressure from the SMA50, affected by exiting that ascending price channel that limited its previous short-term movement, while noting a venting-off of that oversold saturation that was apparent recently, indicating the pair is bracing for more losses as it seeks a bottom to bounce it higher again, to keep up its main upward trend.

Therefore we expect more losses to come for the pair in the intraday levels, targeting the support of 1.1220 as a first support to meet it.


Target
Risk


Support
Resistance


Trend Bearish

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