EURUSD Downside Continues
Hi Traders!
EURUSD looks to be continuing to the downside, and there is potential for a support price break.
Here are the details:
The market continues to swing lower with lower highs and lower lows; the price has also broken below the 20 EMA recently.
We are looking for the market to remain below the 20 EMA to continue downwards towards the support area. Should the market reach the support area, there may be some demand there as the market will not have been that low in a month.
If there is a break below the support area, then the target level is 1.08300.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 1.09547
Support Area: 1.08929–1.08700
Target Level: 1.08300
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
EURUSD looks to be continuing to the downside, and there is potential for a support price break.
Here are the details:
The market continues to swing lower with lower highs and lower lows; the price has also broken below the 20 EMA recently.
We are looking for the market to remain below the 20 EMA to continue downwards towards the support area. Should the market reach the support area, there may be some demand there as the market will not have been that low in a month.
If there is a break below the support area, then the target level is 1.08300.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 1.09547
Support Area: 1.08929–1.08700
Target Level: 1.08300
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
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