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Cable - bullish start of the week is still capped undder consolidation top at 1.4180

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro holds in narrow consolidation above strong supports at 1.1151/42 (lows of last Thu/Fri) and low of five-day pullback from 1.1341 (17 Mar peak), contained so far by Fibo 38.2% of 1.0820/1.1341 rally. Bullish structure of daily technical has softened, however, near-term focus remains at the upside. Completion of corrective phase from 1.1341 needs initial signal on surge through hourly Ichimoku cloud (spanned between 1.1165 and 1.1183) and penetrated on early European trading and

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