Technical Analysis – EURUSD bearish
Posted on October 10, 2013 at 8:31 am GMTEURUSD is bearish and back in a downtrend after breaking below its short-term uptrend line and fell below the 50-period moving average on the 4H time frame. Price action is currently along the lower Bollinger Band at around 1.3514. . RSI is falling towards 30 which is bearish territory. Next support level is at 1.3460 which is the Sept. 25 low. A break below this support will confirm the bearish bias and open the way to next target at 1.3325, [..]