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Cable - weak n/t structure sees limited upside, with 1.5415/30 zone to cap extended rallies

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro enters near-term consolidative phase above psychological 1.10 support, which was cracked on last week’s strong bearish acceleration. Overall structure remains firmly bearish and favors final break through 1.10 handle and extension of pullback from 1.1494 peak, towards targets at 1.0955, Fibonacci 138.2% expansion of the downleg from 1.1494 and 1.0900, round-figure support, in extension. Consolidation so far holds below initial barriers at 1.1086/1.1103, former lows and pivotal

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