Update: Euro breaks the support

Economies.com
2016-08-26 18:00PM UTC

The EURUSD pair declined sharply to break the minor bullish channel's support that appears on chart and close the last four hours' candlestick below it, and continue to head towards the key support at 1.1196, to have the bearish bias suggested for the rest of the day, being aware that it is important to monitor the price behavior when reaching the mentioned level, as breaking it represents the key to extend the decline to target 1.1067 areas as next main station, while holding against the negative pressure represents initial positive factor that will provide signals on the price attempt to regain the main bullish trend.

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