EUR/USD Holding Below The October Low At 1.0857/48
Jason Sen | Nov 14, 2016 02:15AM ET
EUR/USD holding below the October low at 1.0857/48 is negative as we hit the next target of 1.0825/21 at look for 1.0780/75. UPDATE: We have hit the 1.0780/75 target at held so far in oversold conditions. Although nothing to indicate a recovery, if seen look for minor resistance at 1.0815/20, perhaps as far as stronger resistance at 1.0845/50. A high for the day the bounce here today likely but shorts need stops above 1.0880.
Outlook is negative at gains if seen are likely to be limited. A break below 1.0780/75 targets 1.0760 then 1.0710/00.
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