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EURUSD Retests Friday's Low As Daily Cloud Continues To Weigh

Discussion in 'Technical Analysis' started by Kaitlin, Oct 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Euro returned to weakness and fell back under daily cloud, unable to sustain last Friday's rally. Gains were capped under strong resistances at 1.1215 zone (daily Kijun-sen/cloud top), ahead of fresh easing. Overall structure is bearish, with negative signals being generated on yesterday's close below 200SMA/daily cloud base. Fresh[​IMG]

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