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EURUSD in sideways mode ahead of Fed; hourly cloud caps

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro continues to trade in narrow consolidative range, above fresh low at 1.0995, awaiting today’s Fed statement. Neutral tone prevails on near-term studies, with pivotal barriers at 1.1094, broken bear-trendline, connecting 1.1712/1.1458 peaks and 200SMA at 1.1112, being intact for now. Initial barrier, hourly Ichimoku cloud, spanned at 1.1046/1.1067, capped upside attempts, as the price reversed lower, after penetrating into cloud. This shifts near-term focus back at psychological

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