EURUSD recovery continue
9/28/2017 10:54:11 PM
EURUSD pair had found sturdy bids near 1.1718 area but tried a tepid improve above 1.1753 levels in Forex market.
EURUSD’s viewpoint is negative following the erosion of the 4 month upward tendency and the 1.1838/25 September lows and we search for additional decline to firstly to the 1.1658 August low and then the mid-June high at 1.1305 and the more important 1.1114 end of May low. Intraday rallies should fail ahead of 1.1823 and remain capped by 1.1910, the 19 day ma.
FOREX market analysis by FxErvin.