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GBPUSD - Focus turns higher after yesterday's strong recovery

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro cracked 200SMA barrier on yesterday’s probe above psychological 1.10 level and posted fresh recovery high at 1.1041. Long bullish daily candle and close above 1.10 handle, give bullish signal for possible repeated attempts above 200SMA. Daily indicators are bullishly aligned and favor renewed attempts through 200 SMA hurdle, towards next significant barrier, descending daily Ichimoku cloud base at 1.1080. Extended rallies are expected to find strong resistance here and guard

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