Quoting around 1.7860, the pair continues with the free fall that begins a month ago. I truly can not see an end of this downtrend for now, despite the oversold state RSI indicator is showing as in daily and weekly charts. Under actual minimum, next support will be around 1.7820, followed by the zone around 1.7785, that should be it for today. Be aware that a upside correction could be triggered any moment this week, so bearish trades should be placed with thigh stops. From actual price, resistances will be at 1.7890, followed by a very strong zone that the pair break to the downside without any consideration: 1.7935. A confirmation above this point could change the daily perspective, sending the pair back to the zone around 1.8000
The Advisor Weblog
Subscribe
Categories
Archives
Recent Comments
- sy on Gold bounces up
- Valeria Bednarik on Gbp/Usd long and short term
- A-SOLTANI on Gbp/Usd long and short term
- Valeria Bednarik on Yellen given dollar more support
- Valeria Bednarik on Eur/Usd fresh highs on sight
Next webinar
Using Fibonacci ratios to manage your trades efficiently
by Sunil Mangwani
November 23, 10:00 GMT
Register for the webinar
Follow the markets with 
