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EURUSD - hourly cloud top and daily cloud base are key n/t supports

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro is at the back foot in the near-term, following yesterday’s upside rejection just under short-term congestion tops and subsequent pullback, which extended below 1.09 handle. Fresh easing put on hold expectations of final attempt through key 1.0983/1.1006 resistance zone, congestion top / daily Ichimoku cloud top. Key supports lay at 1.0885, hourly Ichimoku cloud top and 1.0866/61, hourly cloud base / daily 20SMA and daily cloud base, which also lies just above 1.0855, Fibonacci

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