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Today's Market Outlook

Discussion in 'Technical Analysis' started by Kaitlin, May 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The Euro closed in red yesterday, marking the fifth straight day of weakness, which extended today to 1.1368, just ahead of strong support at 1.1367 (Fibo 61.8% of 1.1213/1.1614 upleg). Oversold daily Slow Stochastic suggests consolidation above 1.1367 pivot, however, no reversal signal being generated yet, with upside-limited consolidation phase,[​IMG]

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