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EURUSD - Fresh Weakness Violates Strong Daily Cloud Base/200 SMA Support

Discussion in 'Technical Analysis' started by Kaitlin, Oct 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro fell sharply on Tuesday, surging through daily Ichimoku cloud that offered support during the past few sessions, despite being cracked on several attempts lower. Today's bearish acceleration probed briefly below cloud base at 1.1167, challenging strong support zone, consisting of daily cloud base, bull-trendline drawn off 1.0950[​IMG]

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