EURUSD Falls To New Lows
- gregmikefx
- October 26th, 2011
The $EURUSD has broken the low floor area going back to yesterday afternoon at the 1.3892 level. The 1.3876 is the next target followed by the low from yesterday’s trade at the 1.3847. Before that level, however is the 100-hour MA at the 1.3864. This level should find some profit-taking buyers on the 1st test. A $EURUSD break below the level, however, should not be ignored.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Lydia Idem has been investing in equities for 16 years and trading currencies actively for 5 and a half years. Her trading style is simple and short term. With a special feel for sterling, Lydia trades almost exclusively the GBPUSD and EURGBP. You can follow Lydia on Twitter and StockTwits... (more) -
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