EUR/USD Oct 23

EUR/USD achieved our downside target of 1,11 yesterday. The pair is testing the double September low now. ECB’s QE extension is considered a done deal, only the details remain to be announced till year-end. A clear breakdown below 1,11 on a daily or weekly basis will open the door to a retest of the August local low @ 1,1017.

EUR/USD (4 months)


Chart: ETX Trader