EUR/USD Rebounds And Surges On Wednesday

Discussion in 'Technical Analysis' started by Kaitlin, Aug 31, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The common European currency rebounded against the support provided by the weekly S1 at 1.1132, and it is surging on Wednesday morning, as the rate faces no resistance up to the level of 1.1203, where the 20-day SMA is located at. The before forecasted rebound happened in accordance with the[​IMG]

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