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Daily Forex Chart Art - Dec. 2, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 2, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD: 1-hour I spy with my Ray-B-covered eyes a retracement play on EUR/USD! The pair is having trouble gaining momentum after passing the 1.0600 mark and technical indicators aren’t making it any easier for the bulls. For one thing, EUR/USD is hovering just below a falling channel resistance. Not only that, but it’s also near a 200 SMA line! The cherry on top of the bears’ sundae is an overbought Stochastic signal. Think the euro is about to see losses against the Greenback? Stops above

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