EUR/USD Surges Past 1.15, Stopped By W/M R1

Discussion in 'Technical Analysis' started by Kaitlin, May 3, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Weakness of the Dollar transferred to the new working week, as another piece of soft North American data pushed EUR/USD beyond 1.15. By violating multi-month resistances, including the October 2015 high, the pair was only capped by the weekly and monthly R1s placed around 1.1538. This is the initial supply[​IMG]

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