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Sterling remains under strong pressure ahead of US NFP data

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro trades within narrow range above fresh low at 1.0832, posted yesterday, with consolidation being so far capped at 1.09 zone, and negatively aligned near-term studies, showing limited upside. The action is seen preceding final push towards key short-term support at 1.08 zone, multi-month congestion low. However, caution is required as daily studies are overextended and slow Stochastic is entering oversold zone. Falling daily 10SMA offers strong barrier at 1.0960, followed by

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