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USDJPY collapses below 111.00 handle

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EURUSD The Euro probed above 1.1350 target on quick recovery rally that emerged from 1.1160 support, where yesterday’s pullback was contained. Today’s fresh extension higher shows hesitation at pivotal 1.1350 barrier, high of pre-Oct ECB’s meeting, but the pair remains well supported with firmly bullish technicals, favoring buying dips scenario. Hourly higher base and European low lies at 1.1273, reinforced by Fibonacci 38.2% of 1.1158/1.1353 upleg and offers initial support, which should

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