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EUR/USD Is Back Into Triangle, Awaits Fed

Discussion in 'Technical Analysis' started by Kaitlin, Jan 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Monday trading session saw inflow of funds into the Euro, as risk-aversion reversed EUR/USD back to the North. The pair is now facing an immediate resistance at 1.0849/67, namely weekly pivot point and 20-day SMA. Medium-term bulls are hoping for dovish Fed tomorrow and looking at tougher supply near 1.0960/80[​IMG]

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