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EURUSD - Corrective Pullback Is Shallow For Now, Daily Cloud Base Marks Key N/T Support

Discussion in 'Technical Analysis' started by Kaitlin, Aug 3, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro pulls back from Tuesday's peak at 1.1232, hit on deep penetration of daily Ichimoku cloud, with gains being so far capped by sideways-moving 100SMA (currently at1.1234). Pullback is seen as profit-taking action of Tuesday's rally that generated another bullish signal, along with break above daily cloud base, on[​IMG]

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