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Today's Market Outlook

Discussion in 'Technical Analysis' started by Kaitlin, May 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The Euro consolidates recent losses, which were shaped in six consecutive red daily candles. Pullback from 1.1614 peak eventually cracked strong support at 1.1367 (Fibo 61.8% of 1.1213/1.1614 upleg), but was so far unable to clearly break support. Persisting strong downside pressure was signaled by long upper shadows of daily[​IMG]

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