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EUR/USD Is Still Contained By Weekly S1

Discussion in 'Technical Analysis' started by Kaitlin, Mar 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The bears were trying to send EUR/USD under the first weekly demand line (1.0853) on Wednesday; however, all attempts failed ultimately and the pair came back above 1.0850 by day-end. Despite that, our medium-term expectations are skewed to the downside and we see the weekly S1 being tested once again[​IMG]

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