Cable - rally through daily cloud base, so far capped by daily Tenkan-sen

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    EURUSD The Euro remains within 1.1325/1.1452 congestion, which extends in the seventh consecutive day. Strong indecision was confirmed by weekly long-legged Doji candle, as the pair remains unable to break above fresh 2016 peak, which was posted on brief attempt above near-term congestion tops. Daily MA’s turned into full bullish setup and favor fresh upside attempts, which require sustained break higher, to open next significant barrier at 1.1494 (15 Oct 2015 peak). Rising daily 10 SMA /

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