EURUSD - Consolidation Of Tuesday's Strong Rally Expected To Precede Fresh Upside

Discussion in 'Technical Analysis' started by Kaitlin, Sep 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The Euro consolidates after Tuesday's strong rally that peaked at 1.1261 and marked over 50% retracement of 1.1365/1.1122 downleg. Today's action hit marginally higher high at 1.1264, before easing. Consolidation is so far holding within 1.1230 and 1.1264 range, with daily Tenkan-sen line containing dips for now.[​IMG]

    Continue reading...

Share This Page

free forex signals