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EURUSD Breaks To The Downside

Posted On 18 Mar 2020
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The common currency is pushing lower after failing to hold on to the support level near 1.1100.

Given that the trend line is broken, the next lower support is at 1.0850.

For the moment, the 1.1000 level could offer some support which could bring some consolidation into the markets.

However, with the Stochastics pointing lower, there is scope for a test of 1.0850 level.

About the Author
“John Benjamin Resident Analyst at Orbex. John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.” [space height="10"] At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading. Please Director at Visit our site for more details.

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