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Today's Market Outlook

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

  1. Kaitlin

    Kaitlin Forum Member

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    Reversal signal was generated on daily chart, following yesterday’s rally that left long bullish daily candle and peaked at 1.1445. Rally confirmed strong support at 1.1367 zone (Fibo 61.8% of 1.1213/1.1614 rally), which contained pullback off 1.1614 peak, for now. Easing from 1.1445 is so far seen as corrective and[​IMG]

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