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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

    Aug 29, 2015
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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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