EURUSD Weekly Analysis - November 22, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 November 2015 08:59 UTC
EURUSD is facing 1.0462 (Mar 13 low) support, a breakdown below this level will indicate that the long term downtrend from 1.3993 (May 8, 2014 high) has resumed, then next target would be at 1.0000 area. Resistance is at 1.0900, only break above this level could indicate that lengthier consolidation for the long term downtrend is underway, then another rise towards 1.2000 could be seen.

eurusd chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.