EURUSD Bounces Off Strong 1.1217 Fibo Support, N/T Outlook Remains Negative

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Euro maintains bearish tone, expressed by three consecutive daily closes in red and the second strong bearish weekly close. The pair left lower top at 1.1400 zone, where triple upside rejection occurred and closed below former key near-term support at 1.1232 (former trough of 14 Apr), completing H&S and[​IMG]

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