Forex technical analysis: EURUSD rebounds as downside momentum fades - ConsultFX

Forex technical analysis: EURUSD rebounds as downside momentum fades

Back between trend lines.. The EURUSD held an old topside trend line in the Asian session.  That trend line cuts across at 1.1600 currently (and moving lower).  It fell below last week's lows at 1.1573 and a lower trend line currently at 1.1559 (and moving lower).  That break lower should have led to a momentum move Copyright 2015 Forexlive.com