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EURUSD - Near-Term Recovery Emerges Above Daily Cloud But Is So Far Unable To Sustain Gains ...

Discussion in 'Technical Analysis' started by Kaitlin, Sep 20, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro extends recovery from 1.1148 (Fri/Mon lows) and emerges above narrowing daily cloud (cloud top at 1.1167 offers good support). Recovery attempts were so far limited at 1.1200 zone (Fibo 38.2% of 1.1282/1.1148 downleg), with sustained break here needed to sideline persisting downside risk and allow for stronger recovery.[​IMG]

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