EUR/USD: Тrend is short, the price broke the key levels of diagonal support and horizontal support 1.0839
Negative indicators: CCI(50) is below -100 - strong negative sentiment
Moving averages in bearish formation, 5ЕМА below 13 and 25 ЕМА
The price is below horizontal support 1.0839- a negative signal
corrective movement to the resistance levels 1.08 - suitable level for short position
Negative price movement, deeper bottom and lower peak
Markets expect the Fed to raise rates in December. This will support the USD. Mario Draghi's statement led to strong negative sentiment for the euro amid expectations that QE program may beincreased around December.
Stefan D. Angelov - Head of Stocks Trading
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