Technical Analysis – EURUSD maintains bearish trend after break below key 1.10 level
Posted on July 25, 2016 at 6:58 am GMTEURUSD maintains a bearish outlook as its recent downside trajectory from 1.11 favours further downside. The break below the critical 1.10 level last week supports the bearish case with scope to target the June low of 1.0909. Technical indicators are also highlighting the bearish bias. RSI is trending down and is below 50 which indicates downside momentum in the market. The key psychological level at 1.10 is now acting as key resistance but above this level there is strong resistance [..]