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Thomson Reuters
Oct 31 - 01:24 PM
EUR/USD: S/T Bearish Targets at 1.1290, 1.1270, 1.1250, 1.1160 And 1.1095 - ING
First appeared on eFXplus on Oct 31 - 11:15 AM

ING discusses EUR/USD technical outlook and maintains a bearish bias on multi-days basis.

"We consider the upside potential as limited with prices meeting strong resistance between the former horizontal support around 1.1415 and the steep falling trend line around 1.1460 with the topping MA-50 line offering next resistance at 1.1576.

We would not be surprised by a short-term pull-back towards the strong resistance area 1.1415-1.1460 in making a lower top before heading lower again.

Please keep in mind our short-term bearish targets at 1.1290, 1.1270, 1.1250, 1.1160 and 1.1095," ING projects. 

Source:
ING Research/Market Commentary

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