The Traderszone Network

Published in TZ Latest News 7 February, 2017 by The TZ Newswire Staff

Forex technical analysis: EURUSD stalls fall near prior swing low level

Lows from Jan 26 and Jan 27 stall the fall
The EURUSD has trended lower in trading today. However, like the GBPUSD, the pair has reached a support area and has stalled the fall over the the last 6 or so hours. That support comes in at the 1.0656 level. The swing lows from Jan 26th (at 1.06569) and Jan 27th (at 1.06576) come in at that level. The low in trading today reached 1.06554. Close enough.