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Loonie holds within narrow consolidation, despite oil's rally

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro maintains positive near-term tone, which resulted in three-day recovery that broke above daily Ichimoku cloud base and cracked important 1.09 barrier. Renewed attempts to sustain break above 1.09 are under way, as fresh rally from 1.0868, session low, so far tested 1.0925, Fibonacci 61.8% of 1.1058/1.0709 downleg. Structure of daily studies shows mixed setup of MA’s, while indicators hold in neutrality zone and Ichimoku studies maintaining positive setup. Daily close above

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