EURUSD Remains Congested Between 200SMA And Daily Cloud Top Ahead Of US NFP Data

Discussion in 'Technical Analysis' started by Kaitlin, Sep 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Euro remains within daily cloud after yesterday's recovery from fresh three-weeks low at 1.1122 was capped just under broken daily cloud top which marks strong resistance at 1.1167. Today's fall to 1.1126 nearly fully erased yesterday's gains, however, downside remains protected for now. Near-term price action holds within narrow[​IMG]

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