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
    Likes Received:
    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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