EURUSD has one more major support holding it up!

By ICmarkets
Broker
EURUSD has broken our long term ascending support-turned-resistance line signalling there's a strong potential for it to turn bearish. However, there's one more major support at 1.2230 that needs to be broken to trigger a potential bearish move towards our next major support at 1.2074. There's still good downside potential on Stochastic too so keep an eye out on this idea.
Chart PatternsEUREURUSDeurusdlongeurusdshorteurusdsignalForexforexsignalforextradingHarmonic PatternsTrend AnalysisUSD
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.

Disclaimer