EURUSD closed below the safe altitude

The shared currency technically getting oversold, the next level to watch is 1.1610-1.1550 (17-month Ascending trendline). A break below could open to a final retracement to 1.1450 its 50.0% fib reaction -1.1400 levels. With breaking and closed below the 38.2%, fib reaction the major’s risk-reward profile has titled to the further downside. We see levels at 1.1830 as likely to meet initial resistance. The price has been dropping for the second consecutive month. The run last extended to 2 months between Sep-Oct 2017. http://www.keytomarkets.com/blog/blog/ktm-fx-weekly-eurusd-closed-below-the-safe-altitude/