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EURUSD : Price Trading Near Resistance

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    EURUSD pair broke sharply to the upside last week which has been technically expected after a completed triangle at 1.0810 area where we spotted end of a wave E in B). As such, current leg up is a new impulse, ideally wave C) of (C) which may face limited upside soon. Keep in mind that whole rally since December is still a three wave move, thus a correction that represents big wave C-circled within ongoing triangle formation shown on daily chart. We suspect that price can turn down from

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