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EURUSD Stalls at Key Level, AUDUSD Falls From Pin Bar Signal - 15th December 2015

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The EURUSD reversed today from within the resistance zone / confluent sell zone between 1.1000 – 1.1100 which we discussed in our weekly forex commentary this week. Note the confluence of horizontal resistance and the 50% retrace level that come together at this zone. If price continues to struggle near current levels, we wouldn’t be surprised to see it sell-off in the coming days, in-line with the longer-term downtrend. The AUDUSD moved lower today following a 4 hour chart pin bar sell signal

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