Chart of the Day -EURUSD- (Nov. 12th 2018)

13th November 2018 Off By binary
Chart of the Day -EURUSD- (Nov. 12th 2018)

The EURUSD has broken key support at 1.1300.

The EURUSD has broken the key 1.1300 support and is at fresh yearly lows. We have a long term head and shoulder’s pattern, which if completed, could take the pair back towards parity. However, initially the pair should find support at the long term 61.8% Fibonacci support at 1.1191 level. Below that is the 127% extension of the August lows to September highs at 1.1150 level.

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Blake Morrow

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