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Today's Market Outlook

Discussion in 'Technical Analysis' started by Kaitlin, Mar 9, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The Euro failed to break above strong 200SMA barrier, which was cracked on a brief extension to 1.1056 (yesterday’s high). Quick reversal and daily close below psychological 1.10 support, left Doji candle with long upper shadow, which signaled hesitation and building selling interest. The notion was confirmed by fresh acceleration[​IMG]

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