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EURUSD Is Directionless In The Near-Term, Daily Cloud Still Supports

Discussion in 'Technical Analysis' started by Kaitlin, Sep 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Euro shows indecision after yesterday’s trading ended in long-legged Doji. Strong bearish acceleration from 1.1277 high, spiked to 1.1180 low yesterday, but failed to sustain losses below daily cloud top at 1.1200. The price returned above thickening daily cloud that underpinned recent recovery and still acting as valid support.[​IMG]

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