Currencies & Forex

Long Term Forex Outlook: EUR/USD “Breaking Bad” at 1.0461?

Euro-symbol-graphicThe EUR/USD forex spot is vulnerable to “breaking bad” should it violate the next key level of supportĀ  @ 1.0461. If so, then our next target @ .99 will keep breaking the hearts of bulls who think it is oversold. Divergent monetary policies between the European Central Bank and Federal Reserve should help patient bears as well.

 

 

eurusd-monthly-11-25-2015
Click to enlarge

 

Related securities: EUR/USD, FXE

 

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