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EURUSD Consolidates Between 1.1100/1.1167 Triggers

Discussion in 'Technical Analysis' started by Kaitlin, Jul 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Euro returns to 1.1100 support on Monday (broken 200SMA), above which the pair closed last Friday, leaving long bullish weekly candle. This generated bullish signal, along with 5/200SMA’s Golden cross, for possible extension of near-term recovery from 1.0909 (post-Brexit low). Rally so far met initial target and very strong[​IMG]

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