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EURUSD 1.1085 should hold for bulls

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    As you could read in my previous EURUSD analysis , 1.1290 was indeed a strong level to watch for. The price has followed the analysis perfectly and the pair proceeded towards 1.1260 and 1.1160 as suggested. The correction could be over and the pair could spike from 1.1130-50 zone ( X cross, L3, 38.2 ) towards 1.1215 and 1.1290. Only a momentum break (1h) or 4h candle close above 1.1290 could spike the price up to 1.1330. 1.1085 should hold for this scenario to succeed.

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