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EURUSD cracks key 1.1374 barrier, on track for strong bullish monthly close

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro eventually attacked key 1.1374 barrier (11Feb high), on fresh rally that commenced from 1.1300 zone, where corrective pullback was contained and hourly higher base formed. The pair maintains firm bullish tone on all time frames and favors further upside. Sustained break above 1.1374 breakpoint is needed to confirm bullish resumption of the uptrend from 1.0519 (03 Dec low) and recent rally that emerged after massive downside rejection at 1.0820, where double-bottom was left. The

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