Declining below 1.1000.
• EUR/USD has broken hourly support at 1.1070
(04/02/2016 low) and is now holding below it. The
short-term technical structure still suggests a
further bearish move. Hourly resistance lies at
1.1139 (19/02/2016 high). Expected to decline.
• In the longer term, the technical structure
favors a bearish bias as long as resistance
holds. Key resistance is located region at 1.1453
(range high) and 1.1640 (11/11/2005 low) is likely
to cap any price appreciation. The current
technical deterioration favors a gradual
decline towards the support at 1.0504
(21/03/2003 low).
Here at Unique Forex we combine our team's 40+ years of trading experience with our proprietary algorithm to significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com/research.html
If you want to join our trading team check out www.unique4xpro.com
Also follow us on all of our social media:
Twitter @unique4x
Snapchat @uniqueforex
Instagram @uniqueforex
Tune in to our daily live market insight @ 4:30 p.m. EST on Periscope and Meerkat both @unique4x
• EUR/USD has broken hourly support at 1.1070
(04/02/2016 low) and is now holding below it. The
short-term technical structure still suggests a
further bearish move. Hourly resistance lies at
1.1139 (19/02/2016 high). Expected to decline.
• In the longer term, the technical structure
favors a bearish bias as long as resistance
holds. Key resistance is located region at 1.1453
(range high) and 1.1640 (11/11/2005 low) is likely
to cap any price appreciation. The current
technical deterioration favors a gradual
decline towards the support at 1.0504
(21/03/2003 low).
Here at Unique Forex we combine our team's 40+ years of trading experience with our proprietary algorithm to significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com/research.html
If you want to join our trading team check out www.unique4xpro.com
Also follow us on all of our social media:
Twitter @unique4x
Snapchat @uniqueforex
Instagram @uniqueforex
Tune in to our daily live market insight @ 4:30 p.m. EST on Periscope and Meerkat both @unique4x