The euro turned weaker amid a stronger dollar.
Price action broke past the initial support level of 1.0855.
Further downside will see a test of the 1.0784 handle. This marks the lows from late February this year.
The Stochastics oscillator remains well in the oversold level suggesting further downside.
To the upside, the resistance level at 1.0855 will be the target which will cap the gains.
Orbex.com
At Orbex, the client is at the heart of everything we do and everything we do is designed to guarantee your satisfaction.
Here’s how Forex Trading with Orbex will enhance your trading experience:
Best-in-class customer service, including live chat and free webcall
One-hour response time for sales and support requests
Multiple asset trading and ECN accounts on MT4
0.9 pip fixed spread at ZERO commission
Up to 1:500 leverage
