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EURUSD At Risk Of Sinking From Weekly R2

Discussion in 'Technical Analysis' started by Kaitlin, Mar 31, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    With recovering volume of trading, the Euro continued to grow in value against the Greenback on Wednesday. Consolidation above the first downtrend line led to a spike above the second downtrend placed near 1.1325. The rally was capped by the weekly R2 at 1.1337, which is the last supply under[​IMG]

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