
The common currency is pushing lower after failing to hold on to the support level near 1.1100.
Given that the trend line is broken, the next lower support is at 1.0850.
For the moment, the 1.1000 level could offer some support which could bring some consolidation into the markets.
However, with the Stochastics pointing lower, there is scope for a test of 1.0850 level.
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