Break decrease failed. Present residence gross sales put the kabash on the promoting
The EURUSD pushed under a decrease pattern line and sellers jumped on the transfer. The autumn took the worth to a low of 1.1335, however current residence gross sales had been weak. The worth pushed again greater.
The failed break, may snowball as sellers quit on the bearish transfer. In that case, the important thing clue would be the 100 hour MA above at 1.13791. Get above and we should always see extra upside momentum with a topside pattern line at 1.1396 and the 200 hour MA at 1.14234 as targets.