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Aussie eyes daily cloud top after key 0.7278 barrier was taken out

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro moves within the daily cloud, which was penetrated again yesterday, with daily close above the cloud base. Rallies were limited at 1.1325, double-Fibonacci barrier (38.2% of 1.1712/1.1086 and 61.8% of 1.1458/1.1103 downleg, also weekly Ichimoku cloud base, which marks pivotal resistance zone with 1.1339, daily cloud top. Sustained break here is needed to spark fresh bulls and expose next key barrier at 1.1458, 18 Sep peak. Near-term studies are bullish, with daily indicators

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