daily forex: EUR/USD Forex Signal

EUR/USD Analysis The price continued its fall yesterday although only by a small amount. However, the patterns are clearly bearish, with resistance just below 1.1160 holding, a supportive trend line being broken and a failed retest from below, and a general pattern of lower highs and lower lows – all of which can be seen in the chart below. There are no clear support levels before 1.1082 so it looks as if the pair is ready to fall further now.

The price continued its fall yesterday although only by a small amount. However, the patterns are clearly bearish, with resistance just below 1.1160 holding, a supportive trend line being broken and a failed retest from below, and a general pattern of lower highs and lower lows – all of which can be seen in the chart below. There are no clear support levels before 1.1082 so it looks as if the pair is ready to fall further now.