EURUSD - Near-Term Price Action Remains Directionless After Wednesday's Upside Rejection

Discussion in 'Technical Analysis' started by Kaitlin, Sep 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The Euro remains within near-term congestion after Wednesday's failure to clearly break above the triangle that was formed on a daily chart. Upside rejection at 1.1272 spike high was followed by daily close below triangle's upper line, which generated negative signal, despite bullish close. Early Thursday's trading holds within 40-pips[​IMG]

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