EURUSD remains in downtrend from 1.1299

November 24, 2016

EURUSD remains in downtrend from 1.1299, and the fall extended to as low as 1.0526. As long as the downward trend line resistance holds, the downtrend could be expected to continue, and further decline to test 1.0462 (Mar 13, 2015 low) support is possible. Key resistance is at 1.0657, only break above this level could signal completion of the downtrend.

eurusd chart

By ForexCycle.com