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EUR/USD Plunges After Testing 1.16

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    First part of Tuesday was distinctly bullish for the Euro, as this currency skyrocketed to another multi-month high above the 1.16 mark. However, as soon as it neared the weekly and monthly R2 resistance lines at 1.1619/26 the bears have finally decided to develop momentum. It turned to be successful,[​IMG]

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