EURUSD Bounces After Two-Day Fall, 1.1300 Barrier In N/T Focus

Discussion in 'Technical Analysis' started by Kaitlin, Aug 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The Euro recovers losses of past two days that found ground at solid 1.1243 support (Fibo 38.2% of 1.1045/1.1365 upleg). Subsequent bounce remains supported by rising daily Tenkan–sen line that currently lies at 1.1258 (session low) and so far retraced over 38.2% of 1.1353/1.1243 downleg. Focus is at psychological 1.1300[​IMG]

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