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EURUSD 1.1290 is crucial

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The EURUSD was muted on German GDP report that came as expected. EUR recent strength can be contributed to general USD weakness and Yen strength ( risk off mode ) but technical levels suggest a possible correction. As we can see it from the chart 1.1290 is POC zone and very important level for EURUSD at this point. Rooftop pattern has been formed at H4 resistance along with Bearish divergence keeping the possibility for a correction. Above 1.1290 we could see 1.1340 and 1.1375 again and below

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