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EURUSD - fall on Brussels attacks holds above key daily cloud top at 1.1145

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro accelerated lower after explosions in Brussels, extending two-day pullback from 1.1341, last week’s recovery high. Fresh weakness probed below 1.12 handle, looking for immediate support at 1.1175 (rising 10SMA), which guards more significant 1.1145 support zone (daily Ichimoku cloud top / Fibo 38.2% of 1.0820/1.1341 ascend). Extended dips should be ideally contained here, as rising daily cloud supported the action since repeated downside rejection at 1.0820, to keep daily bulls

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