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EURUSD Time For a Bounce?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The EURUSD could be ready for a short term bullish bounce. Technical Analysis Position and Developments The EURUSD has been moving lower for the past few weeks. However, the price has reached a confluence of potential support levels. During the previous bullish wave, the price has taken the falling trend line that connected the prior major swing highs as shown on the daily chart above. Now, the price has retested this broken trend line which might reverses its role to support. Meantime, the

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