Tuesday, 22 July 2014

EUR/USD breaks trend line drawn from 2012 & 2013 lows, testing 2014 low

Key action in the EUR/USD today, right now.

Daily chart shows it trending lower, recently channeling lower, and testing the early 2014 low.

Weekly chart shows it has broken below the trend line drawn from the 2012 and 2013 lows.

Long term weekly shows it recently turned lower from the trend line draw from the 2008 and 2011 highs.