EUR/USD: Mild Historic Support Breached
Forex4you | Mar 10, 2015 05:55AM ET
The EUR/USD pair has continued lower, breaking below mild historic support at 1.0762 and continuing down. It is in such a strong down-trend that it is expected to continue falling lower.
The next target is situated at more substantial support from the down-sloping lower channel line of a descending channel visible on the monthly chart at 1.0650 – or thereabouts. If the pair breaks below today's 1.0734 lows that will probably confirm a move down to the 1.0650 target.
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