EUR/USD: Under pressure? – Rabobank

Analysts at Rabobank note that over the past couple of days EUR/USD has given back a large part of its September rally. 

Key Quotes

“The break below September’s upside trendline is a negative technical signal.  Support is offered by the 50 day simple moving average close to the 1.16 level.  Below this, the charts suggest that EUR/USD could head back towards the 1.15 area.”