October 20, 2016: The key levels in play for your forex trading
EURUSD.
The EURUSD led the charge in the NY session, falling to the lowest level since June 24th and barely missed taking out that days lows at 1.0910 (the low reached 1.0915 so far). On the way down, the pair fell below trend line support (currently at 1.0950 – see hourly chart above). The corrective high off the low stalled at 1.09455 – just 5 or so pips from that resistance level. The sellers are in charge.
A quick technical look at the forex market: EURUSD leads the dollar higher
