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EURUSD - Fresh Strength Probes Again Above Fibo 61.8% At 1.1345, Monday's Hammer Supports

Discussion in 'Technical Analysis' started by Kaitlin, Aug 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Euro is back above 1.1300 and extended gains close to last week’s recovery top at 1.1365, after two-day pullback found support at 1.1269. Monday’s Hammer created positive signal for resumption of larger, month-long uptrend that commenced from 1.0950 (25 July trough). Firm bullish structure of daily technicals supports scenario[​IMG]

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