FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
21,162,554Confirmed
759,243Deaths
13,981,618Recovered
Fetching Location Data…
Advertisement
Advertisement
David Becker
eurusd

The EUR/USD edged lower as the ECB’s Draghi struck a relatively balanced tone in his afterhour’s speech, expressing confidence that the bank will meet its price stability mandate. He continued to back the success of the asset purchase program in supporting credit for firms and households.

The currency pair moved toward support near an upward sloping trend line that connects the lows in June to the lows in October and comes in near 1.0915.  Resistance is seen near the 10-day moving average at 1.1041.  Momentum remains negative with the MACD printing in the red and the RSI moving lower with price action dipping below for into the lower end of the neutral range.

Technical Analysis EUR/USD for 11/4/15
Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk