Tuesday, November 15, 2016

EUR – More Downside Risk?





EUR – More Downside Risk?
by Saktiandi Supaat


FX Research





Weekly momentum and stochastics indicators are still pointing to further downside. Next support is at 1.0750 levels (76.4% fibo retracement of Mar 2015 low to Aug 2015 high). A weekly close below this puts next support at 1.06 levels (trend-line support of the low of Mar and Dec 2015). A move towards 1.0460 (2015 low) should not be ruled out. EURSGD...



Saktiandi Supaat
Christopher Wong

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