EURUSD: Bearish, Eyes Further Downside…
As long as 1.1265 resistance holds on a daily closing basis, the EURUSD remains on the downside to 1.1200 level. A halt is likely, it may test 1.1265 before attempts to break below 1.1200 level. Anyway; below 1.1200 aim 1.1130 level, further down, support comes at 1.1080 level.
On the upside, resistance comes at 1.1265 level. Above that level opens 1.1315 level, further upside, resistance comes at 1.1368 level (main).
Conclusion: The EURUSD continues to face downside threats below 1.1368 level even in the case of a corrective recovery below that level.
Support: 1.1200, 1.1130, 1.1080, 1.1015
Resistance: 1.1265, 1.1315, 1.1368, 1.1437
Germany will report on ZEW Economic Sentiment (Nov) at 10:00 GMT. A selling opportunity is likely…