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EURUSD Bounces Above 1.1000 On Corrective Move, Overall Bias Remains Negative

Discussion in 'Technical Analysis' started by Kaitlin, Jul 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Euro bounced back above 1.1000 handle, following repeated downside rejection at 1.0950. Yesterday’s bullish close and today’s extension higher suggests further correction, before fresh attempts lower. The notion is supported by overall bearish structure, which still keeps key short-term support at 1.0909 (24 Jun low) in focus.[​IMG]

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