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Cable consolidates under key barrier at 1.4273 - daily 30SMA

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro made renewed attack at 200SMA (1.1051), looking for bullish resumption of corrective leg from 1.0823, after daily Ichimoku cloud (spanned between 1.0865 / 1.0788), stopped larger descend from 1.1374 (11Feb high). Yesterday’s bullish close, with long-tailed daily candle, gave bullish signal, which results in today’s renewed attack at pivotal 200SMA, reinforced by 20SMA , just few ticks above. Bullish near-term studies support further upside action, however, mixed setup of daily

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