By: Doug Rosen
The EUR/USD starts off right on support. It will be interesting to see what will happen since price is riding down the ema's very hard and the downtrend has been quite strong and possible price may be able to break this support area.
On the 4 hour timeframe price has been riding the ema's to the downside. On the hourly timeframe price is riding down along the ema's with Bollinger bands pointing down.
Ont he 15 minute timeframe price is making a swing fib. Price has fallen below yesterdays low and his retested it.
We will need to watch the EUR/USD to see if it breaks support or simply double bottoms and heads back up.