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EURUSD - Downside Risk Is Expected To Persist While Daily Cloud Top Remains Intact

Discussion in 'Technical Analysis' started by Kaitlin, Jun 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Yesterday's rally stalled at 1.1381, with subsequent weakness ending day in red. Daily candle with long upper shadow signaled rising selling pressure ahead of strong resistances at 1.1409/16 (daily cloud top Fibo 61.8% of 1.1614/1.1096 descend). Psychological 1.1300 support so far holds dips, despite being cracked overnight and marks[​IMG]

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