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Aussie is back to weakness after short-lived post RBA rally

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro shows signals of further easing from fresh high at 1.1436, posted last Friday, following yesterday’s close in red and fresh bearish acceleration at the beginning of European trading that took out initial support at 1.1370 (rising 5SMA). Daily Slow Stochastic is reversing from overbought territory, which gives negative signal, together with south-turning daily RSI and Momentum. Near-term studies are weakening and support correction scenario, ahead of fresh attempts

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