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Today's Market Outlook

Discussion in 'Technical Analysis' started by Kaitlin, Jan 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The pair returned into bear-channel off 1.1058 peak, following yesterday's false break above 1.0940 platform and upside rejection at 1.0967. Yesterday's bearish daily candle with long upper shadow, signaled renewed downside pressure. Channel resistance line, reinforced by daily 20 SMA, caps for now and marks initial resistance at 1.0895. Daily[​IMG]

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