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EURUSD Hits Fresh Session Highs On Renewed Strength After Consolidation

Discussion in 'Technical Analysis' started by Kaitlin, Sep 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Renewed strength that emerged from Thursday's session low at 1.1233, where ascending 20SMA repeatedly contained downside attempts, fully reversed Wednesday's pullback and probes above pivotal 1.1272 barrier (Fibo 61.8% of 1.1365/1.1122 downleg). Overall bullish bias favors further upside action and eyes initial barrier at 1.1307 (Fibo 76.4%) and 1.1339 (26[​IMG]

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