EURUSD - Near-Term Outlook Is Mixed As Bullish Sentiment Fades But Daily Cloud Still Supports

Discussion in 'Technical Analysis' started by Kaitlin, Sep 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Euro consolidates at 1.1200 zone (daily Tenkan-sen line/Fibo 38.2% of two-day 1.1122/1.1256 recovery) where pullback from 1.256 peak found temporary footstep. Near-term outlook is mixed, as strong bullish signal from Bull-trap pattern that formed on a false break below daily cloud, was offset by negative signal from yesterday's daily[​IMG]

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