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EURAUD Seems To Extend Its Up-Move

Discussion in 'Technical Analysis' started by Kaitlin, Dec 8, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The pair rebounded sharply from the lower trend-line support of a short-term descending trend-channel and subsequently managed to strengthen back above 200-day SMA. Sustained strength above 200-day SMA helped the pair to conquer an important resistance confluence near 1.4880-1.4900 area, comprising of the upper trend-line resistance of the descending channel[​IMG]

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