EUR-USD - fresh bullish acceleration retraces over 50% of Friday's fall

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro trades in near-term recovery mode, off fresh low at 1.0808, posted on last Friday’s sharp fall. Upside attempts probe above daily Ichimoku cloud base at 1.0860, former support, below which Friday’s descend closed. Pivotal resistance at 1.0880 zone, daily Tenkan-sen line / 30SMA, is tested and sustained break here is required to trigger stronger recovery, towards the upper side of short-term 1.0776/1.0983 congestion. Otherwise, bearish setup of daily MA’s and daily indicators in

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