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EURUSD - Fourth Doji is forming after probe above 200SMA fails

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro probed above 200SMA at 1.1046, which capped past three-day action and marks initial breakpoint. Fresh upside attempts come after triple Doji, which confirmed strong indecision, after the pair probed below psychological 1.10 support, but failed to sustain break. Recovery action was signaled by daily Slow Stochastic reversing from oversold zone, but was so far short-lived. Setup of daily MA’s remains mixed, which favors further directionless trading. On the other side, formation

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