XM Group - Analytics

    XM Group

    599.50 7.00/10
    70% of positive reviews

    Technical Analysis – EURUSD turns bearish after fall below 200-day MA

    EURUSD technicals have turned bearish today after prices fell below the daily kijun-sen line and below the 200-day moving average.

    The daily Ichimoku cloud is expected to provide support around 1.1120, while a fall back below the cloud will give scope to retest the key psychological level at 1.1000. But a fall below the multi-year low of 1.0461 is needed to reinforce the long term bearish market structure that began from the decline in May 2014 from 1.3992.

    Risk Warning: Forex, Commodities, Options and CFDs (OTC Trading) are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. Please ensure that you fully understand the risks involved and do not invest money you cannot afford to lose. Please refer to our full Risk Disclosure.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree