This article was first published on Orbex Forex Trading Blog.
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
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.
To keep reading this article, please navigate to: Orbex Forex Trading Blog.