EUR/USD Technical Analysis: Holding Short at 11-Month Low

The Euro accelerated downward against the US Dollar after carving out a Triangle chart formation, hitting the lowest level in 11 months. A daily close below the 50% Fibonacci expansion at 1.3248 exposes the 1.3195-1.3204 area, marked by the 61.8% level and a falling channel floor….EUR/USD Technical Analysis: Holding Short at 11-Month Low

To see the very best arise from your investment, stay in line with currency trends. A currency could seem oversold, however as long as it hasn’t reached significant support level, it continues to be a good investment choice. Sticking with trends will keep you from losing significant amounts of money, and will keep your profits strong.

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