Japanese, Canadian and USA markets were closed. The dollar strengthened after the second U.S. Presidential debates where Mrs. Clinton emerged victorious as Mr. Trump’s reputation was damaged after a leak of a video where he insulted women.
The common European currency is again under pressure. The level 1.1200 stopped its recovery, the price turned around and headed towards 1.1150. The EUR/USD is still in a descending channel, moving to its lower trend line. The 50, 100 and 200 EMAs protected the level 1.1200. The price bounced from them and moved downwards in the 4 hours chart. The resistance comes in at 1.1200, the support stands at 1.1150.
The MACD histogram decreased which is a sell signal. RSI headed towards the negative levels.
If the downward pressure persists the EUR/USD may retest the level 1.1150. A clear break below the level will open the way towards last week low mark at 1.1100.Publication source