EUR/USD To Bounce Off July 2015 Low

Discussion in 'Technical Analysis' started by Kaitlin, Feb 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    EUR/USD moved in a wide trading range on Friday, following relatively unsurprising US GDP data. Now the bears are attempting to confirm a two-month triangle pattern. They need to keep the pair below a resistance at 1.0862 (weekly PP; 20-day SMA), in order to shift medium-term expectations strongly to the[​IMG]

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