Today's Market Outlook

Discussion in 'Technical Analysis' started by Kaitlin, May 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The Euro consolidates above last Thursday's fresh nearly two-month low at 1.1178, holding in daily Ichimoku cloud, spanned between 1.1142 and 1.1304. Near-term studies show mixed setup, suggesting extended consolidation before bears resume, as daily technicals are negative. Initial resistance at 1.1243 (Fibo 38.2% of 1.1347/1.1178) remains intact for now[​IMG]

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