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EURUSD hith fresh 3 1/2 month highs on strong bullish acceleration

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro rallied strongly yesterday, boosted by significantly weaker dollar and broke above pivotal barriers at 1.0980, former range tops and 1.1005, daily Ichimoku cloud top. Rally also took out 1.1052 /60 resistance zone, 200SMA / 15 Dec top and also cracked 1.1122, Fibonacci 61.8% of 1.1494/1.0519 descend. Trading closed at 1.1100, marking break above important barriers and giving strong bullish signal. Corrective easing on overbought conditions was short-lived, despite indication of

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