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EUR/USD - Declining Sharply

EUR/USD has moved sharply lower breaking supports at 1.1105 (23/09/2015 low) and 1.1087 (03/09/2015 low) on Draghi's declaration yesterday. Hourly resistance is given at 1.1387 (20/10/2015 low). Stronger resistance can be found at 1.1561 (26/08/2015 low). Expected consolidation.

Since March 2015, the pair is improving. Key supports can be found at 1.0458 (16/03/2015 low) and 1.0000 (psychological support). The technical structure favours an eventual break higher. Strong resistance is given at 1.1871(12/01/2015)

Daily Technical Report

 

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