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Cable - completion of corrective fourth wave signalled

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro extends two-day recovery from 1.0787, hourly higher base, formed on downside rejection towards pivotal 1.0776 support, 21 Jan low. Recovery rally penetrated into daily Ichimoku cloud, on probe above cloud base at 1.0859. Rally was so far capped by 30SMA at 1.0880, keeping intact psychological 1.0900 barrier. Near-term studies are bullishly aligned, while daily indicators hold in neutral territory and MA’s show mixed setup and daily Bollinger bands are contracting Downside

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