The Traderszone Network

Published in TZ Latest News 18 August, 2015 by The TZ Newswire Staff

Forex technical analysis: EURUSD breaks but…

Can the break level hold resistance now?
The EURUSD has moved lower – breaking below the cluster of support including the 100 day MA at 1.10445, bottom side trend line and the 200 hour MA (green line in the chart below).  The next step is to stay below that cluster and take out the next targets.