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EURUSD back below 1.06 handle after recovery stall

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro slumped below former low at 1.0591, after recovery rally was stalled, followed by sharp reversal. The pair rallied earlier today, in attempts to break above consolidation range, defined by past two days double Doji. Bulls were capped by initial barrier, daily 10SMA, at 1.0688, just under 4-hour Ichimoku cloud base and subsequent sharp fall surged through approx 60-pips thick hourly Ichimoku cloud, which did not provide any significant support. Fresh bearish acceleration broke

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