EUR/USD, weakness for start of the week!

mario urlic eur-usd 19.10.

Euro is searching for the buyers on Monday and they could be here near 1.1300. This is third red day in a row downtrend, but there is not much voulume in this selling for now. Support at 1.3340/50 looks broken now, thal level was supported with H1/MA200 in the last two days. Could euro bounce back to that level, sure it can, but let’s take a look could the buyers return the lost teritory in total. The pair opened the week at 1.1378, that could be first target for the bulls. 1.1280 looks like solid technical support at this point.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s