EURUSD at correction highs, ahead of US jobs data

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    EURUSD The Euro regained traction and bounced strongly yesterday, leaving long bullish daily candle. Bounce comes after double-Doji, which signaled hesitation at strong daily Ichimoku cloud that temporarily stopped downtrend from 1.1374 (11 Feb peak). The rally peaked at 1.0971 (Fibonacci 61.8% of 1.1065/1.0823 downleg), which was retested today, but without clear break higher so far. Bearish setup of daily MA’s is dented and further recovery could be anticipated, as daily Slow Stochastic

    Continue reading...

Share This Page

free forex signals