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EUR/USD Forecast October 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 24 October 2015 06:13 UTC

The EUR/USD pair fell again during the session on Friday, as we continue to plunge towards the uptrend line that had been the bottom of the ascending triangle. The 1.10 level has been important time and time again, and as a result it should be a significant amount of support. However, at this point in time it looks as if we are trying to break down below there, so having said that it’s likely that we will see continuation. However, if we saw some type of supportive candle in this general vicinity, we could be convinced to buy a short-term long position.

 

 

 

 

 

 

 

EUR/USD Forecast October 26, 2015, Technical Analysis

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